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Microcap & Penny Stocks : ROLLING STOCKS

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To: Salim Ilmudeen who wrote (122)	12/2/1996 10:25:00 PM
From: Steve Dunlap	of 233

Salim, You are SO RIGHT about picking a stop loss point and selling "like a computer program when the stock reaches that point". I was using stop limits for that purpose but got "just" stopped out a couple times and quit using them. I got "trapped" in my current holdings because I failed to stop myself out when the slide started. It was all too easy to convince myself each day that surely this is the bottom and the uptrend will start tomorrow. I've finally learned that I can't "wish" or "will" a stock to go up. Earlier this year I finally bailed after a 40% loss on KNA....and went on to recover that and make more. Ya gotta be ruthless with these stinkin' stocks! Their job is to make obscene profits and if they don't, ya gotta dump 'em! Again, congratulations on your Prudence and profit with NSCP. And thanks for sharing your experience and knowledge. Steve

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