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

To: Ian@SI who wrote (856)	2/22/2005 11:53:01 PM
From: Jibacoa	Respond to of 3722

That's the problem with TA, the answers are all too frequently, "Maybe". <G> They say that nothing is certain except death and taxes.<G> TA is nothing more than looking at prior history with the premise that what happened before has a good chance of happening again.<g> RAGL (Especially the Good Luck, that it seems we will be needing more.<g>) And remember some of Jesse's advise.<g> To buy on a rising market is the most confortable way of buying stocks. It is usualy not good to buy stocks too cheap or too easily. Stocks are never too high to begin buying or too low to begin selling, but don't make a second trade unless the first one shows you a profit and Never argue with the tape. A loss never bothers me after I take it. I usually forget it overnight. But being wrong, NOT TAKING THE LOSS, that is what does the damage to the pocketbook and to the soul. The desire for constant action irrespective of underlying conditions is responsible for many losses. If a stock does not act right don't touch it. Being unable to tell precisely what is wrong you cannot tell which way is going. No diagnosis, no prognosis. No prognosis, no profit. Do not try to catch the last eight or the first. Those two are the most expensive eights in the world. Without faith in its own judgement no man can go very far in this game. Try to think more of basic conditions than of individual stocks. If you begin right you will not see your profitable position seriouly menaced and you will find no trouble in sitting tight.( That is where charts help you, to get a good entry point.) If a man didn't make mistakes he'd own the world in a month. But if if he didn't profit by his mistakes he wouldn't own a blessed thing. The only thing to do when a man is wrong is to be right by ceasing to be wrong. It doesn't pay a man to be wrong! When you want to get out,get out. Do not trade at limits. The thing to determine is the speculative line of least resistance. You should always wait for the moment when that line defines itself, because that is the signal to get busy. Always go with the trend. In a narrow market there is no sense in trying to anticipate what the next big movement is going to be up or down.Do not take an interest until the price breaks through the limit in either direction. Never try to sell at the top. It is not wise. Sell after a reaction if there is no rally or it fails. Instead of hope you have to have fear. Instead of fear you have to have hope. Always fear that your losses can get worse and hope that your winnings may get even better. And of course don forget Warren Buffett's advise: The most important thing is not to loose money.<g> RAGL (Especially the Good Luck as we will be needing more ahead.<g>) Bernard