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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (12173)	5/11/2002 11:21:14 PM
From: Little Joe	Read Replies (1) \| Respond to of 36161

Well you are in good company. I recently listened to a radio interview of an author of a biography of the great trader Jessee Livermore and he was a believer of taking a small position and adding to it on profits. Livermore also had a great line that went: "I spent most of my money on booze, fast women and fast cars. The rest I wasted." Little joe

To: isopatch who wrote (12173)	5/12/2002 4:34:59 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 36161

<<averaging up.>> I donno Iso. I think the sword cuts both ways. I have screwed myself averaging up as well.... I have found the best for me is to find something undervalued, buy it, and wait. Sell when it runs. However, part of my moaning this weekend is as the gold bull becomes more real, it is getting harder and harder to find these kinds of stocks. Also when I see lots of others with 3%, 6% gains on the day I wonder why hold SWG? See what I mean? I need to get better at adapting to how the market has changed. right now I keep hopping from one side of the fence to the other. Wayne