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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (36086)	1/1/2006 9:16:40 AM
From: tyc:>	Read Replies (2) \| Respond to of 60903

You raise an interesting point perhaps worth discussing.. I don't think it think it reflects on CC's prowess at all. I think it has more to do with the understanding that you get the best percentage gains from cheap stocks. Incidentally, if that is true, should one really "hang on to your winners" ? Or should you take profits off the table reinvesting the profits where higher percentage gains are possible ? Why have more $ invested when the price is high than you had when the price was cheap ? To paraphrase Ben Graham; People lose faith in the premium built into higher-priced stocks. A stock price falls when that premium falls, even though the intrinsic value remain unchanged. High priced stocks are therefore risky. ( Of course BG wasn't talking about our penny-stocks... but)