Gourmet's Choice Coffee Co. - GMCH Message Board

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Microcap & Penny Stocks : Gourmet's Choice Coffee Co. - GMCH

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To: Chris K. who wrote (1287)	2/27/1999 1:04:00 PM
From: CaraMia	Read Replies (1) of 2161

$$$GMCH$$$$ Again may I state buy on D&D not on talk.. With TALK comes fear..with fear comes panic..with panic comes loss. I will give you MAJOR example that all should read... I have a friend in which I have been trying to teach how to RESEARCH & TRADE> I used GMCH as an entry point with him as I felt it was a safe beginning.He purchased it at.38 cents...I forget how many thousands of shares he had. He was delighted that his stock soon took a swing upward. Although I preached to him to hang on...and to stay long he didn't want to. I said at least stick for a a 30% gain since it was his first time trading. Just to gain his sea legs that was a reasonable exit point for his first trade. He watched and watched the stock for a bit. So when it hit almost double I told him to sell. And feel good about his first trade. DID he do that?...NO! He got greedy and hung on wanting it ALL and FAST...UNDERSTAND he wasn't long on this...he wanted to make a buck and run...In essence DAYTRADE it. Instead of selling when I encouraged him to...he held. Then immediately the stock soared and I mean fast down to .31cents.. I am IM'g him "DONT PANIC!!" this is a solid company this is good gut training for you... He logged off panicked and I believe he sold for.30... He came back on to chew me out...He found that the stock had bounced back and was now at .58..He cried! Felt foolish..He reacted to what I call the "CHIK'N LIL" effect...THE sky was falling and he bailed... Hence the moral of my story is>>>>> "INVEST" upon "KNOWLEDGE" and "RESEARCH"...Learn discipline and ABOVE all lots ofPATIENCE > If someone is kind enough to take you by the hand and walk you through...(RARE! never happens) be kind enough to LISTEN!!!! GMCH>>STRONG & LONG as well on MRPS>>>DDEQ>>>ALFN>>>watching ENET..

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