Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (11014)	6/11/1999 1:17:00 PM
From: ahhaha	Respond to of 29970

Don't average down. Don't chase. Buy when it looks bad, not when it looks good. Buy when it's tough to do. Hold when it's hard to do. Sell when it's easy to hold. Use your own knowledge as an indicator of how wrong you are. All of these strategies take self control. No, it doesn't take self control to hold mindlessly. It is equally important to sell as it is to hold. What is the purpose of investment? Accumulating wealth to give to inheritors? People who hold indefinitely are fearful that they will lose something if they sell. This is another form of greed and it will kill you just as effectively as trading. I wonder how many who took the ride up to 198 in ATHM wish they had sold say, at 160? I picked up a lot of ridicule when the stock was between 130 and 140 for suggesting that it was going to drop 20 points. It didn't drop 20 points in 1 day, the players were too smart to jump and make that true. Instead the stock took 40 days to drop 50 points and so kept the BGRs in for a full ride whose completion is yet to be seen.