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Strategies & Market Trends : Technical Analysis - Beginners

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To: SteelBlueIce who wrote (1449)	12/20/1996 9:18:00 AM
From: Chris Chandler	of 12039

I just had a similar experience with GNLB. It moved up 50% in one day 12/18 on news and gapped down the next day. I had been trying to leave the emotional out of the equation, but after giving back 50% of the gain I just took my profit. It was my first $1K profit on a stock, and if it hadn't been so much I think I might have left it. Yesterday morning before the market opened I had read your post with your favorite cliche- "you can never loose money by taking a profit." That is now one of my favorite cliches. Thanks. Chris

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