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Biotech / Medical : Cyberonics (cybx) epilepsy therapy recommonded -- Ignore unavailable to you. Want to Upgrade?

To: Valentin who wrote (240)	4/6/1998 5:16:00 AM
From: Valentin	Read Replies (1) \| Respond to of 471

I just read again a chapter entitled " High cost of greed" of a wonderful little booklet with the title "Why you win or lose" about the psychology of speculation written in 1930 by a certain Fred C. Kelly. It is a classic of the stock market literature. Really it's a bible. It is hard to find, but if you are interested you can get it at amazon.com, but it takes some weeks. Take a look at: amazon.com After the reading I decided to sell that part of my position (25%) I bought at 12. I make a 215% gain calculation based on a year. But what is more important is that I am now psychologically in a very sound state. I bought the rest of my position (75%) at 20 7/8 and all I can lose now is a part of my gain under the condition that I have the discipline to sell at 25 as I have the intention to do when the stock drops (hoping that there is not a drop of more then 20% as some Nasdaq stock do the day of the earning announcement) . I explained my feelings because I saw complains about their wrong moves (buy and sell) in the thread of fellow investors. Just try to take a look in the book I mentioned above. If anybody knows about other good books they read which subject is in the field of psychology of speculation I would be delighted to have the titles. I stay convinced that CYBX is an excellent stock, certainly not overvalued. I think that we will soon see it in the 4X, but clearly this is only my personal opinion. We will see the 16th April. By the way I send an e-mail to the co to have the confirmation for that date and I asked them if the announcement will be made after the market closed. See you later