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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.13+1.1%Nov 26 3:59 PM EST
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To: Sawtooth who wrote (28342)4/26/1999 9:45:00 PM
From: dday  Read Replies (1) of 152472
 
I always like to refer to one story from "Remiscences of a Stock Operator"...........

After a stock that Jesse Livermore had bought went up rather qucikly, a young broker approached him and asked why he wouldn't sell and, perhaps, buy on the inevitable dip.

Mr Livermore responded something to the effect that "I cannot sell young man because I cannot afford to lose my position."

Lesson: In a bull market never lose your position.
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