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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: maintenance who wrote (24581)	9/29/1999 9:07:00 PM
From: dgz	Read Replies (1) \| Respond to of 26850

You might want to consider a hybrid approach. When the technicals say sell - sell half and keep half. When they say buy - buy back as much as you can with the money from the half you sold. If you miss out on a big move - you only miss out with half your position. If you miss a big drop - you only get hit with half the loss. You can do both and get the experience of being a technical trader while investing on fundamentals. This is what I try to do but I find myself leaning more towards the technical side especially with VSE stocks because it is so dangerous to buy and hold a VSE stock.

To: maintenance who wrote (24581)	9/29/1999 11:09:00 PM
From: Berry Picker	Respond to of 26850

I have personally found letting go to be the hardest thing. I fear getting out at the bottom. A person can get the loser mentality and say to themselves " Oh sure if I get out now it will turn around for sure" I have lost an obscene amount of cash riding a stock that is in a downtrend into the grave. Here's a saying I made up. Buy a stock with a story but don't buy the story The next hardest thing is to resist buying in a fever. I usually hear about a stock when everyone else does. The stock is going nuts and I fear I will be left out so I buy at the high... "Chasing a stock" is not what smart money does. If they did not get in before the herd they wait for the next bus rather than stand. There are there are three rather good things to do ( other than shorting ) A: Buy low and then sell high B: Buy high and sell even higher ( The biggest fool game ) C: Sell low and buy back even lower ( Similar to B: but a safer move ) Every testimony I ever hear about people who ended up losers in markets were people who "HUNG ON" and did not follow the cardinal rule of "cutting loses" I don't know how many times I have failed to PULL THE TRIGGER... What is the worse thing that can happen.. you end up selling right in the valley and have to buy back higher. BIG DEAL. If you would have sold WSP at 3.50 I can assure you would have had tormenting thoughts that it was the bottom. The only way past it is to say to yourself Hey if I'm wrong I'll get back in at $4 and suffer a 50cent loss so what I believe the stock is going to 10 bucks anyway so who cares.... Then you would likely be happy to buy back here or slightly lower. I can't understand anyone being proud that they did not sell a stock that went down. Is there some kind of metal for patriotism in this game??? I should have got a chest full by now.. NO THANKS FOLKS I do not want to marry any more stocks no matter how faithful you are you may not be rewarded any way. Be faithful to God or your wife someone who may appreciate it. Stocks and money don't love you so don't bother. Thanx maintenance for your honesty... And you thought you Rambled yikes :-} Advise... WSP is so low now I can't see catching much more than 50cents a share. Unless your a person who can get in and out fast and "pull the trigger" you should probably wait it out now.