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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?


To: quasi-geezer who wrote (1552)2/6/2002 7:17:46 PM
From: Adelantado  Read Replies (1) | Respond to of 10345
 
Unless you are perfect, you should expect to loose on trades as you try to win on trades. The way to gain is not to be always right, but be right more than you are wrong, so that you gain more than you loose.

Lesson: The more you invest (ie, bet on the future price), the more you should be prepared to loose.

Adelantado

<<A few years back I had over a thousand shares of ISIP. My average in was I suppose around 16 to 15 or so. A clinic trial of one of their new anti-sense drugs bombed. It went down to 6 maybe lower. I waited a few days and it just tanked...even more, it seemed. I sold it all. Now I really lost. I have never been able to recapture that deal of a lifetime.>>



To: quasi-geezer who wrote (1552)2/7/2002 12:12:28 PM
From: Darrel McPherson  Read Replies (1) | Respond to of 10345
 
I believe it does take being right more than wrong, but in this market being right is being short, however that could be about to change.

Also, while ten thousand is a loss, I plan to recoup it. I never lost any sleep over it. I have other investments, Elan is now one of them:)

Oh yeah, I have been away for awhile...been on the Yahoo boards, but the noise there is too much.