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Strategies & Market Trends : Successful Short-Term Trading Strategies for Beginners

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To: Joe Copia who wrote (1)8/8/1998 7:40:00 PM
From: Don Pueblo  Read Replies (1) of 78
 
This is good advice. I'll tell you a true story. I know a guy that bought WCAP at 9 before it ran up. He got 10,000 shares. He was convinced it was going to 14. It ran to 13 and he did not sell. He held it as it slid back down and he sold it for 4 bucks. I saw it happen and I can tell you he was not a happy man. The market doesn't care where you think the stock is going. I shorted that stock at 11 on its way down and took some of my friend's money away from him.

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