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Pastimes : Can the average (?) moron beat the averages? -- Ignore unavailable to you. Want to Upgrade?


To: Densiebj who wrote (1399)9/20/2003 10:14:53 PM
From: Steve Felix  Read Replies (1) | Respond to of 1660
 
Best stock I ever owned was LH. Cleared 10k with a 3k investment.
While the market was falling it just kept going. And at that I pulled
the sell string leaving ALOT on the table. Taught me that I can't pick
the top, and that regardless of the market trend there are always
stocks moving the other way.

I've been selling half on a good move and holding the other half to
see what happens. So far most of the time it is well worth it. Bought
BEV at 2.50. Sold half at 3.25. It is now 6.67.

Bought ASPT at 3.01. Sold half at 4.65. Now 8.58. And on a short string!

Doesn't always work. Bought VVUS around 4.40. Sold half at 5.60. Ended
up selling the other half right where I bought.

Did the same with DSS, but then decided to buy it back and got nailed in the
drop.

I sure can't tell tops, but I try to cut losses quick.

Worst trade in the last year was buying GVHR at 2.90 and selling for 25% profit.
Currently 18.05 and has been as high as 19.95. Drats!!