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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: Letmebe Frank who wrote (5181)	11/3/2003 11:04:26 PM
From: russet	Respond to of 8273

Hi Frank,... Selling is the hardest thing to do,...you never know when to do it. Selling to freebies enforces a discipline. Count the number of times you bought a stock and watched it rise,...only to see it fall below your buy price a few days, weeks, or months later. It is very difficult to sell a stock as it is ramping up, but if you have 5000 shares and you sell down to 2000 or 1000 freebies when the stock has upwards momo, you still get to participate if the stock climbs. Far more often though, a day or two later the stock gaps down, but you sit there with a profit of freebies no matter what happens. Some day, some of those freebie stocks may find the cure for cancer, the next Hemlo, the next Diavik, you get the picture,...the hundred multiple bagger,...the lottery ticket retirement package,...the big Kahuna,...and you didn't miss it. You cash in when some big fat shark like Johnson & Johnson, or Barrick, or Sony buy your POS freebie out. Conversely if one bites the bullet, the other hundred go up and down and the whole thing stays about the same. Diversification of freebies,..the second discipline. It's the turtle and hamster method of making big bucks in the stock market, and it works in just about any market because most of your money is in hot momo stocks looking to sell down to freebies, or in cash;-)