To: Blitz who wrote (4476 ) 6/8/1999 1:54:00 PM From: im a survivor Respond to of 6957
Nope..not at all...It's real easy to look back now and say " I wish I had played the swings "...after all, we know what those swings are now. We didn't before they happened, so you have no idea what those swings will be.........If we knew it was going from .22 - .16, everybody would sell high and buy low. But we don't know that. Your kicking yourself now, only because the swing worked as it did. What if you got your wish...sold it at .22 and instead of going to .16, it goes to .30. You would not be here now saying what you are saying. You would instead be saying your kicking yourself for selling. So, yes Blitz...it's real easy to look back after the fact and say " what if ", but don't be so hard on yourself. It's the same for everybody and every stock that was ever traded. Had I known AOL was going from $175 to $105 I would have sold high and bought back lower....however I would have risked it going to $200 instead of $105, and beforehand we have no way of knowing..... If you believe in the stock long tgerm...history proves you are best not trying to time the swings. Not many people Peg the exact high and exact low. On a good stock, you are best to hold...buy more on the dips if you so desire. personally, I have an average cost basis of around .08 or so ...I took ( via limit orders ) a small amount off at .175, and a small amount off at .225...The shares I now have ( a fair sized lot ) are free and paid in full. I have a small amount coming off via limit at 2 more higher set prices, and then will let all the rest ( another fair sized lot ) sit for a couple years and see what develops. I believe firmly in the company long term and that is why a large position will be held on the table for the long term...the 4 lots I am taking off is simply to lock in those free shares and free up some capital to spend on other ventures. If it continues to drop, I will continue to buy..the more it drops, the more I will buy. Good luck, and don't second guess yourself on playing the swings...nobodies crystal ball can peg the high's and low's...especially on a penny stock...especially so on one that looks like it may take off. have a great day KG