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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: G3 who wrote (61983)9/22/1999 10:47:00 PM
From: Tim Luke  Read Replies (1) | Respond to of 90042
 
on fore and xyln...every time i sold when the stock was selling off i made 2 mistakes.

1....i ended up losing money

2....i ended up buying again at a higher price

lesson...be patient and ride it out....

i will have a long talk with everyone tomorrow night regarding cs and how i think we need to play it.....with all the pm's so far i must say i'm very happy to see most with average under 17



To: G3 who wrote (61983)9/22/1999 11:29:00 PM
From: charlie mcgeehan  Respond to of 90042
 
G3 << (a) would i be more upset if i sold it and it then went up or
(b) would i be more upset if i didn't sell it and it went down>>

this is THE question on all investments and unfortunately often influenced by forces such as market action, sentiment of other investors and win/loss in last investments among others.

in cs if you bought it for the takeout, price flucuations should not influence your decision as much as company/sector changes (not relevant at this time) and buying volume vs selling volume(still bullish on takeout). i still see buyout here and if we see 15's imo it is a buying op.
thats what makes this such an interesting business.
ALL OF THIS is why tim is so IMPORTANT to this thread.
thanks again tim