Impatient Schmuck????
Gee thanks bud.... Seriously, yes I am impatient, and yes I am a schmuck, for not selling weeks ago.....
Not a loss until realized????
Maybe technically it is not on paper, but when your account is worth considerably less than it was, to me that is a loss!!!!!
I hung onto this baby much longer than I should have.... I saw the downward trend, but because of my stuborn nature, I kept telling myself it would turn around .... (sound familiar???)
I let my love for this one cost me mucho money, If I had sold in the low twenties instead of averaging down.......
Anyways, I may not be the best trader in the world, but I have figured out that it is very difficult to fight momentum, and this one's is all downward.....
I still plan on owning it, hopefully before '97, but not until the momentum turns around and the stock is going up!!!!
Too many sleepless nights, knowing that in the morning I would have to send my brokerage firm money to cover a maintenance call....
Ernie
PS, good luck on this one, I expect to be back in it in the LOW teens....... |
