NBMX - National Boston Medical (was FGRX) Message Board

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Microcap & Penny Stocks : NBMX - National Boston Medical (was FGRX)

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To: DuGen who wrote (488)	10/28/1998 9:52:00 AM
From: Jim B	Read Replies (4) of 1286

TO ALL:: I spent some time last night scolding myself for not taking some profit in the mid 40s... but then I realized the reason I didn't was because I'm averaged in in the mid 30s... but that I didn't own enough shares to really justify a 10cent per share profit... I also realize the bigger potential here.. it's always good to lock in some profits along the way, but if you buy so few shares that you need a double or triple to even consider making any money then it's likely you don't have enough shares... anyway, that's what I've come to realize on this one... had I bought more shares than I did in the 30s... then I could have sold 1/4th my position at 45cents .. made some play money and let the rest ride for the bigger gains.. instead, the only way I'd have been happy with my profit was if I'd sold it ALL in the upper 40s and then I'd have likely gambled leaving alot of potential returns on the table had it run much higher... in this case, it would have worked out... but I still have learned a valuable lesson here.. if you truly believe in the stock and the company, then take a sizeable postiion... maybe not all at once... but enough that a 50% rise would give a handsome return even if you only sell off 1/4th your position.. so since the stock is again in the low 30s... it's time for me to go find some shares soon as I confirm that ETRADE will accept buy orders for NBMX... this is just my own advice to myself and I thought I'd share it.. I'm sure I'm not the only one who has counted how many shares we could have sold at .45 to .48 and bought back at .33 -- best to buy what I can when the price is obviously oversold as it is now.. do what's best for you all... I realize I'm gambling somewhat by buying before I see the financials... I'm willing to take that risk figuring when financials come out the stock will trade much higher.. take care all! jim

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