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Strategies & Market Trends : The Market Taught Me That...... -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (17)	11/5/1997 2:21:00 PM
From: Richard Estes	Respond to of 151

I like everyone, thinks they can predict where market or a stock is going. But, my accuracy may be only 70%. Now, if I buy a stock, say at $30x1000sh. and it goes to 27, I would rather take $3000 loss than to continue to tie up capital and have the lower end open for further loss. Lets say it goes to 21 or so and bases, then I could renter with $21x1285. Remember I bought at 30 for it to go up. the auction said it wasn't worth it.