Compaq Message Board - Msg: 4264530

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Technology Stocks : Compaq

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To: rudedog who wrote (25245)	4/30/1998 1:58:00 AM
From: Craig Freeman	Read Replies (1) of 97611

roger, IMHO tommorrow would be a good day to make your switch. I always advise winners as follows: The BIGGEST mistake "winners" make is to rush into their next investment with all that they have in hand. Their second biggest mistake is to delay cashing in on their winners. Once you decide that it "might" be time to take profits, take them immediately (you can always decide to reinvest later). NEVER get greedy and wait "just one more day/week/month/year". Listen to your gut and get out at the top (once everyone has time to consider things, your shares may set a new low). If you feel the need to reinvest, reinvest ONLY your original cost -- keeping your profits in cash for a time. Never be afraid to pay taxes on profits and ALWAYS set aside cash for those taxes (every one of those tax dollars represents 3 or 4 dollars of profit -- so this reminder should be painless ... perhaps even enjoyable). Buy yourself something nice out of your gains that you will wear or use often -- that will remind you of your success for many years. In this small way, your profits are locked forever, you will be happy, and you will have some cash with which to play your next well-researched "hunch". Many happy returns, Craig

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