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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (666)1/20/2005 7:17:53 PM
From: Mike McFarland  Read Replies (1) | Respond to of 3722
 
That is one good thing to hear.
Although I get a flustered when
I am down 5 or 10%, you can be sure
that when I bought it I imagined I
could withold even a shakeout down to
$3. Hanging in there on a day like today
is harder than it looks--but at least the
market in general was lousy.

I have a wonderful story to tell about
getting shook out. I've told it a handful
of times and I am sure everybody is sick
to death of it. Suffice to say, I gave
up a lot of shares once at the precise low--
but I only sold half. And the half I kept
of course then did something wonderful.

If I had bought in three parts instead of
two, today would not even have been an issue--
I'd have bought my last third and only be
down 3 or 4% in the position.

I love the thrill of a stock when the volume
starts to perk up. Very happy I kept one
trading account active for this. Unless of
course glgc has a scandle tommorrow and the
ceo resigns, ha!