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To: manalagi who wrote (99452)8/11/2011 1:20:52 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
And let me just say, part of the fault lies with me. The stock got as high as $57 and I didn't sell. It then fell back to $35

Have you ever placed a trailing stop sell to protect your gains? Don't have to be for your entire holdings, but at least to protect the money you put in.

Normally, I do but not with DNDN. Very foolishly, I bought into the hype......that it was a $100 stock. BTW I should explain that my basis in DNDN is around $3. So I am still ahead.........but it gives little comfort.

I am doing well in this troubling times after the debt ceiling dilemma. Sold a small portion some of my winning stocks through stop sell, which on hindsight, I should not have done so, but fortunately, I raised more cash and be able to get blue chip stocks at fire sale prices.

I sold about a third of my stocks before the debt ceiling and raised cash. I probably should have sold more.......I had no idea it would be as protracted and ugly as it was. However, I still would have been fine if it weren't for DNDN. :-((

Frankly, I am tired of the stock market. These last few years have been too crazy. I need to diversify my income stream......that's why I going back into real estate.