To: Rande Is who wrote (20399 ) 2/13/2000 2:15:00 PM From: American Spirit Read Replies (4) | Respond to
Thanks guys, I appreciate the sincere advice. And it's good advice. Believe me though I don't buy stocks JUST because they're cheap. That WOULD be recipe for disaster. The reason I bought Bebe was because I considered it a superior growth stock that always rebounds fast, and it had been up until this month. Maybe it still will be again. As for the IBM's of the world, I see its great technology, B2B biz, low PE, mammoth earnings and relastive safety. You're right too on a winner making up for even a $20,000 loss on another stock. Afterall, I am the one who picked QCOM at $45, ORCL at $24, COMS at $20, WIND at $12, CIEN at $12, etc. in the past. Trouble was I didn't hold long enough. Just a few of those shares (had at least 500 of each) would be worth a small fortunate now. The longest I ever held a stock was Netscape and that was my biggest gainer ever, $17,000. I am too eager to take profits sometimes, while too slow to limit my losses. I use a stop loss once and it immediately filled and then the stock went right back up so I never used them again.
