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Pastimes : Georgia Bard's Corner

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To: David Parkinson who wrote (954)4/30/1998 8:52:00 AM
From: Ga Bard  Read Replies (1) of 9440
 
E-Mail Question ...
One question, if you do happen to buy into a stock that doesn't move, how long do you stay with it? Surely, at some point in time, you cut your loss, which should be small, and reinvest elsewhere.

Well me I typically know exactly why I am in a stock and I try to find it on the bottom. Not if I do not I am prepared to average since no one can predict the market with all of its variables. If I follow someone in and I am not sure with all the DD then I will get with no more than a 20% loss.

When I buy a stock I have BTS orders in to average down and sell at some point. Typically a small protion at a quad preferably. If it is a day run or momentum I have an out limit order at 20% less than where I got and a sell out at whatever percent I want to make depending on who is running it.

Hope that helps

GB
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