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To: rocklobster who wrote (17560)4/1/1998 8:09:00 PM
From: SJS  Respond to of 95453
 
Richard,

Don't change a thing. When you have a reasonable profit again, take it. Don't be swayed into holding (or not holding). FGII is a mo-mo stock and it's played that way.

Best of luck.



To: rocklobster who wrote (17560)4/1/1998 8:43:00 PM
From: NucTrader  Respond to of 95453
 
I did get a kick out of it. But not being one of those buy and hold types you're referring to......



To: rocklobster who wrote (17560)4/1/1998 9:18:00 PM
From: XOsDaWAY2GO  Read Replies (1) | Respond to of 95453
 
>>>The interesting thing is that FGII was BID 31 1/8 ASK 31 1/4 when my limit purchase was filled at 31. Really makes me believe in using limits. Also, earlier when I sold at 31, FGII was BID 30 7/8 ASK 31. How bout that.<<<

My story goes like this....Yesterday morning, I had placed a limit sell on FGII at 29 3/4 the night before, thinking as a lot of people did, that we were going down for another test, and FGII being so volatile, I would sell it and buy it back later. I overslept and didn't get to my computer 'til 7:30 pst. I missed being sold by (I think) 1/16 of a point! I was really teeeed and thought I should have put in a market order! Since it was down so much, I just let it ride. We all know the outcome of the story. ;-)

Barbara



To: rocklobster who wrote (17560)4/2/1998 12:06:00 AM
From: Chuzzlewit  Respond to of 95453
 
One question, did you end up owing anything in capital gains taxes?

Regards,

Paul



To: rocklobster who wrote (17560)4/2/1998 12:35:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 95453
 
How bout that.

How about this

Dont second guess your decision.....

Take your profits and wait for the next pullback

IN THIS SECTOR - IT WILL COME

It doesnt matter if the stock goes up 5 after you sold it....you still have money in your pocket..you still have a profit...and you wait for the next opportunity.

Either you put this in the vault and dont worry about the day to day machinations...or you trade the market...dont mix the two strategies. It will kill you psychologically.

Now that you have FGII again.....calculate where you think it will go within your time horizon and if it gets there SELL

You already did that....and then second guessed yourself and got back in. Now do it again.

Discipline is the hardest thing for me to deal with . When I am disciplined....I make a killing...when I am undisciplined...I usually get killed