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Technology Stocks : Winstar Comm. (WCII)

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To: limtex who wrote (8045)9/1/1998 8:50:00 AM
From: Alejandro  Read Replies (2) of 12468
 
limtex:
<<I started investing a little late and so didn't have a lot of profits to cushion the fall.>>

I had the cushion but I didn't like the fall either. In retrospect, I didn't have a margin call to worry about. However, I played it wrong.
I most always have a mental stop on my trading issues. I made the mistake of putting WCII and QWST in a special 'untouchable' category. Worrying that if I get out, it will pop up. I am not one to buy 'puts' . Yes, it is insurance. However, the 'puts' and stop loss can be expensive with a volatile issue like WCII. When it gets to 38 next week, I'll have a stop at 30.

As far as getting out and in, you had the trigger to do it and the reasoning. Scared ?? Everybody was, is and will be again. You have nothing to be ashamed of. Matter of fact, you have an advantage. You are out lurking when to get back in. We are in and don't see the bottom yet.

Ali

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