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To: Madharry who wrote (18907)	3/18/2004 9:32:20 PM
From: Paul Senior	Respond to of 78495

Madharry: regarding "but i dont often enough pull the trigger because of some other investment that i can take a more logical stand on". Maybe you might consider taking even small exploratory positions in a package of these stocks that are based on your gut instincts. That'd reduce the cost exposure of any individual selection pooping out, yet still give you a good shot at overall gains. Especially if overall you have more winners than losers, and especially if your winners show outsize gains. In any case, if you suspect others like "Phillip Morris at 18 , TransOcean at 18, American Airlines at about $1.50", you just keep posting those ideas here. I will make a concentrated effort to bet on your instincts!! Paul Senior

To: Madharry who wrote (18907)	3/18/2004 10:29:42 PM
From: - with a K	Read Replies (1) \| Respond to of 78495

Mad, my list of low hanging fruit I looked at but did not pluck: ADP at $30 Costco at 29 GE at 24 DIS at 16 LOW at 39 HD at 23 I post this not as an act of self-flagellation but as a public promise to more often pull the trigger and, like you, be right 80% of the time. That was the voice behind my decision to take a gamble on NT: Message 19929596 Perhaps we should chip in and buy Paul a whip and a mask. Thank you sir, may I buy another? ;>)

To: Madharry who wrote (18907)	3/18/2004 10:43:08 PM
From: Steve168	Respond to of 78495

Madharry, great post and I had very similar experience and feelings. I also think there should be a long "hold period" between buy and sell. Ideally the stocks should be picked up under cash, and hold when the fundamental improves and stock go up, until the expectation is well ahead of fundamentals. It is very hard sell a stock after it dropped 15-25% with no reason. ALVR is at such moment for me now. I believe the business is growing fast, more media coverage is coming, but still the price went up too fast. Sell or hold? very tough call. Maybe I am too greedy? Without that greedy I would have sold at a double $3.7, triple 5.5, or whatever price below.

To: Madharry who wrote (18907)	3/19/2004 12:45:31 PM
From: MCsweet	Read Replies (1) \| Respond to of 78495

MadHarry, Thanks for your comments (Jurgis as well --- you raised a good point). I'd almost never sell if a stock dropped 25% without a change in fundamentals. Exceptions might be (1) if I were too greedy holding on the stock in the first place --- the stock was above fair value and I wanted to escape with some profits intact or (2) the drop was an indication of insider information/potentially bad news. Much of the time the illiquid stocks I trade they move around for no reason, so I have trouble going with option (2). MC