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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)
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To: JAC who wrote (6090)4/24/1998 9:27:00 AM
From: aleta  Read Replies (1) of 18444
 
JAC,

One question to ask yourself. What is my acceptable level of loss?
Not that I'm saying you will have a loss for sure, but that is a question any investor should ask themselves before they invest in any stock.

A suggestion I might make to you, that has prevented me from having to use that tactic more then twice, is never marry a stock. I made that mistake when I first began investing. Now, when I buy a stock, I already have set price in my mind at which I will sell should a stock start going down. I cut my losses at between 10-20%. I move on to the next stock and usually make my loss back somewhere. Marrying a stock is a mistake most new investors make, but we learn and move on.

Personally I've tried the tactic you're suggesting twice. I won one and lost the other. Each was effected ultimately by the credibility of the company. The choice will have to be yours based upon how you think of this company and your acceptable level of loss.

Good Luck,

Aleta
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