Hello Marcie, thanks for the encouragement. Regarding stocks being a crap shoot, I generally agree. Even the stocks that look great sometimes go down a lot for reasons we don't understand. My general philosophy is not to take a big loss. The risk one is willing to take is often related to the percent return that is made. For instance, you could have bought CD at a low price and then said, "if it makes a new low, then I will sell all, or maybe 1/2 of what I have". In that way you will limit your likely losses and yet still be able to take that potentially profitable "crap shoot".
Many people think that what I do is dangerous. I often use a lot of margin and invest in stocks that are in the low end of their trading range (or high if they have compelling, new news). Many think this is risky, and it is. However, my ace in the whole seems to be my ability to sell, even if I like a stock, if the stock acts as I don't expect.
I'm up over 100% so far this year. If CD hits $ 30 per share, and my other holding don't fall significantly (SKYC and EPEX), I should be up almost 200%. Why am I doing so well? Again, margin, experience, discipline, and a willingness to change my mind quickly.
I hope things continue to do well. I hope CD does well; One can never be sure of anything in stock market.
CD: $ 21.19b $ 21.25a
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