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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (22556)	1/27/2000 12:54:00 AM
From: amadeus	Read Replies (1) \| Respond to of 150070

great post Wayne... should be required reading for anyone just starting their trading career... and a good reminder as to why to keep only a modest % in any one individual issue.

To: Wayne Rumball who wrote (22556)	1/27/2000 1:31:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

Good post Wayne. LOL, you're talking me back into spending just a few minutes, or hours in each one. But those are all pretty extreme cases, with things happening the next day with no warning. Have had nothing like that happen to me yet, except on a few that I stayed in waaaaaaayyyyyyy too long after they had dropped, and dropped, and dropped, and I hoped and hoped. No more. Protecting the initial investment, is priority numero uno. Hmm, time for a reminders post I guess. Thanks, Jim

To: Wayne Rumball who wrote (22556)	1/27/2000 7:59:00 AM
From: myturn	Read Replies (1) \| Respond to of 150070

Wayne, so true on taking some of your money off of the table as it goes up. Me, I was on a roll early last year like I am now. I had the wife quit her job, stay home with the children and then KABOOM! I got slapped right back down to reality. Fortunately I am on a roll again. How long it wil last I don't know, but I am already locking in profits. I knew this guy who had over $500,000 he made last year and the last time I talked to him he was down to $50,000. OUCH! I told him when he was sitting @ 500k to start locking in those profits and putting some of that cash away, but he didn't listen. I said, "I know first hand what it feels like being up 3,4,5 thousand percent in a year. I also know how it feels to loose a lot in that same year. Good Luck everyone today!

To: Wayne Rumball who wrote (22556)	1/27/2000 9:45:00 AM
From: Catfish	Read Replies (1) \| Respond to of 150070

Wayne, You are very, very correct. Consequently, I almost always sell early. Now about one third in cash with my 5 accounts. We all have our battle scars from trading these high risk securities. I managed to lose over 100k on one stock. Another stock, DROM, is now worthless. The real tragedy is that I have it in my IRA, so I cannot take a tax loss. Investing (gambling) in these securities is a high risk business, but the real lesson is to put the odds in your favor in order to try and win more often than you lose.