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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (18991)	8/7/1999 3:28:00 AM
From: BoNg-N-BoNg	Respond to of 43080

ASND - oh yeah I remember that! it has a nickname "descend"..I traded it many times that month with small shares when support is at 40.. my last purchase before the support breaks is 41 which I triple my purchase than I usually do then the capitulation the next day started when it breaks the support ending selling it at 36 w/ a big loss!... I indeed never look back even ASND hit bottom of 21 and started to "rebound" even u guys had it posted all over the board... even the rumors of buy out started.. I just never looked back even though ASND did went back to 40's and above. then finally ASND was bought out.. that's the only time I look back but by then its TOO LATE... moral?? I guess u need to look back.. its the only way u will find if you are in the right steps even if its painful.. (looked at APM, VVUS, VC, GIFS, WDC, SYQT..thank goodness, I sold them at loss before being totally lost) just me.. eL...

To: Susan Saline who wrote (18991)	8/7/1999 1:13:00 PM
From: BarbaraT	Respond to of 43080

Susan .. can't generalize. There have been quite a few stocks I wish I had sold at break even. Hindsight is a great tool, too bad it comes a little late. Example .. GEEK. I bought it around 38 and after the big sell off, it came back twice to 38-39, and I didn't sell. Wanted a profit. Then it dropped to 21 and I told myself I would be happy to just break even. To heck with the stock, if it got back to that level, I would take my money and run and not regret it. So I set an open order to sell at 39 ... sure enough, it eventually came back and hit 40, and I was out at 39. And then it tanked to low 30's, 20's and now teens. I sure am glad to be out of at least one of my losers. There are several others I feel the same about. Rather put the money into something that has a better shot of moving up steadily, than the ones that have an equal chance of tanking. Just another opinion.