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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?


To: OldAIMGuy who wrote (4550)4/26/1998 12:11:00 AM
From: RFH  Read Replies (2) | Respond to of 18928
 
Tom, you're right about the gut wrenching. I really feel like I deserved more. But, why the heck take the time to hang around on this AIM users board and not do what you are supposed to do. So, Friday morning, I checked the price and found it was up again from its close on Thursday. Up to 3 7/8 from 3 1/2. What's that, another 10%? So I put an order in to sell 1000 at the market, cheating from Newport's suggestion of 1400 shares. I sold at 3 ticks off the high of the day. It turns out that DROOY closed the day down 1/8 of a point. So I would have lost a lot more dough had I chickened out and not done anything. So now, my Quicken program tells me that my return on DROOY, after so much bleeding, is showing an annual return of 28.6%. I guess I'm ready to start buying again, huh? "Buy from the Scared, Sell to the Greedy!!" I love it, and thanks again.

Sincerely,
RFH