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Strategies & Market Trends : Stock and Bond Market-Timing: Can it be Done? -- Ignore unavailable to you. Want to Upgrade?

To: octavian who wrote (165)	1/25/2009 8:37:31 PM
From: Skeeter Bug	Respond to of 3605

>>--What do you do if something you buy goes straight up, or goes up a little and then trades in a range for a long time? If it goes straight up, it seems to me you're stuck with 1/3 of a position even though you were 100% right.<< CEF would be a prime example. I bought in at ~$8.75 and it is now over $10. if only all my first third investments could do so well! ;-) seriously, though, that's the cost of risk management and realizing that one can be exactly right, as i was with MU back in 1999 and 2000, but the herd can run against all reason for an extended period of time. there are always more fish in the sea. this is contrary to the harvard MBA types working at the banks who leveraged 35-1 and bet massive amounts on MBOs near the top of the real estate market. they blew up their firms and the game ought to over for them.