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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks
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To: Big Dog who wrote (6711)11/10/1996 12:05:00 AM
From: Dave Wax   of 13351
 
Mike: I would have gladly waited till DEC 31 of this year to sell out in hoping for a better price. The reason I sold was because of fear of another trading Halt from the SEC, either temp. or permanent. If my shares were tied up for months or years, I wasn't sure weather I could take the loss for this year. I am pretty ignorant when it comes to trading halts. I personally never experienced one......In response to Brian C---Jeff came up with the right answer. I sold out of fear and was emotionally drained from owning this stock. If one was to sell as many shares as I did, 5000 share blocks at a time would be my limit. No more than that. Also let me clarify my opinion about NEVER AVERAGING DOWN. I invest in mainly aggressive growth companys on the NASDAQ and Hold on averaged for 4-5 months. I buy on the way up, and found that never averaging down was the proper way to consistently make money. If someones investing in IBM or Crysler and holding for 5-10 years, by all means average down. Better yet, try dollar cost averaging once a month. I hope this answers someones inquiry about my approach to trading stocks. In terms of my handling and trading SEXI, I did everything wrong. I admit that. I was unconscious.....Glad thats over with.........Dave....
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