4-Bob:OTOT
<<<<Seems to me the "Market" taught you the same lessons it taught me. Did you readily embrace it initially, or like me have to take the course over and over again before>>>
Initially in 1950's I bought what friends at work,stock club, brokers recommended( you see trouble ahead, do you????) hehehe. Years later found I was selling the "up" stocks for perhaps 50% profit, keeping the "down" stocks which then continued to go down on negative momentum(G). So I reversed the procedure, much better results. If stock goes up, buy more, sell the crums.
Am still taking courses, and still breaking the rules a little.
One of those lessons:
1. I once kept buying AIR as it went from $15 up to $36, forgot the rule to sell when down 15%, ( gee, what great company), did not get all the way out until it was back down to $12. Costly error
From this lesson, I was able to bail out of CPQ last fall
when it started dropping( Still looks like a great Company tho) And also to beware of company hype( the AIR hype was so bad they got sued because of it,and had to pay a shareholder compensation by buying his shares back at what it cost him
Also was able to dump Gibralter (bought at $14) when it dropped to $11 1/2,and it soon went to zero. The biggest S+L in the US goes belly-up??? Amazing-It looked as safe as the Titanic in port.
Regards:
Sig |
