Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Dale Baker who wrote (3059)	1/8/1999 1:04:00 AM
From: Mama Bear	Read Replies (1) of 122087

As long as you don't blame me if it opens at 2 tomorrow. :) It really hard to tell what I would have done with an open position. I might have closed it yesterday in the 13s. Or I might have gotten greedy and let it ride. My statement was emotionally detached because of not having a position. I've found I make a lot more money when I'm less greedy. I try to follow a 20/40/50 rule. If the market hands me 20% in a day I close the position. If it hands me 40% in a week I close it. Or 50% in a month, although I usually don't hold positions for a month. There has just been too much reinforcement of the 'buy the dip' mentality. The rats push the lever, and food pellets drop. So they have become conditioned to push that lever. A lot of folks in this market don't know anything about the fundamentals. There's no way a company like FIBR could have ever been taken seriously if there were. Barb

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