Georgia Bard's Corner Message Board

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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (2316)	5/20/1998 6:49:00 PM
From: Andrew G.	Read Replies (3) of 9440

It seems you've acquired a fair amount of knowledge from your years of investing. For what it's worth, I scarcely think you live in a "fantasy ozone world" as you put it. But you definitely have your own style and that's good. Problem for me is that I don't have an investment style; I'm all over the place. Today I sold half my position in QWST (which I've had for over a year) to catch WAVX just before it really started to run today. If it doubles by tomorrow, I'd probably be foolish not to sell, right? GB, I can't tell you how many times in the past month I've picked stocks that have double, tripled and quadrupled before my very eyes and then came crashing down because I didn't have the tact to sell on my gain. Another example. I bought 155 shares of XYBR a few weeks ago at $3.15 and watched it go to over $12 but I never sold a share. Instead it came crashing down and now I still don't know what to do with it. It looks like it's coming back. But should I sell for a nice gain or hold for a triple or whatever? Does anybody really have a clue to what's goin' on? It's still a random walk down Wall Street. Pick your style/method and roll the dice. For me, I'm drawn to a hot story (what I call limelight stocks) that attracts media attention and a chart begining a momentum uptrend. Picking a stock for a 10 -20% gain is too easy. I look for doubles and triples (mostly in BB's lately) That's why I check out the TM cafe thread so often. But I still have this dang problem of not being able to sell the same day due to my online brokers requirements, and my own inability to know when to cut the spigot off. Your advice is welcomed.

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