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Pastimes : Learning To Invest Correctly - A Shared Experience

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To: Phil(bullrider) who wrote (28)7/25/1998 9:39:00 PM
From: Fredman  Read Replies (1) of 253
 
I bought a stock at 1.46, saw a few weeks later, it was 1.90 on friday close. looked at it the following monday over lunch, saw it at 5.50 - SOLD it all. then watched it go to around 12.00 SAME DAY. a week later , and today, it is floating in the 4.00 area. I bought a stock at.60 a share, watched it sail down to .51, sold all, today it is around .35 a share. What am i trying to say ?? you already know - better to take SOME profit then NO profit, or a loss. sure, holding on and selling at 12 or 10 or 8 would have been nice, but who knew ?? Yes, i should have put a sell limit at 5 on it, but i didn't (even think about it). by the same token, i could have bought it at 1.46 and watched IT sail down to .35. DON'T KICK YOURSELF. You MADE money. you didn't LOSE it. be happy, pick something else and go on..........
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