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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (3672)	5/9/1998 12:44:00 PM
From: Jane Hafker	Respond to of 4571

GOOD POINT. I repeat. GOOD POINT. Don't ride all these darn losers down to nothing. Why do we do it? On our own, I don't think we would, and any one broker would suggest cutting losses early. But here there are too many who will hold and and in the end it seems a good idea. I have stayed with 5--count them, 5--stocks while they slid from a 10% loss to about an average of 66-75% loss. AGainst the fervent pleading of my buddy I speak of here, the highly respected broker who strangely enough is holding Brush Creek stock and it makes no sense at all--and in that 16 months I have not been able to get into so many other stocks which went up I have lost track. Anyway, thinking about the craziness of that lately, I just bought GMGC on a nice spike, but was at work and had no sell limit. One block of mine went from 8 l/2 to 15 plus and the other I picked up more in panick at 11 l/2. My gut feeling was to sell all at 14 the night before. Didn't. Now it is at 11 3/4. However, Friday I decided never again, and when I saw I could get out of the second block right at even, maybe paying commissions both ways, I bailed at ll 5/8. Now what will happen? At the very worst it may open and go to 12 and settle there, and I have lost some buy in shares on the deal if I buy back in, rather than another thousand or so on the down slide. And if it stays on the down slide, there I am again. This way I have my money freed up, and am already looking at other things which almost have to go up. After 16 months of riding everything down to zero in a dazed coma, I'm going to go back to never losing, period. Unless I get caught in an over night WWIII, or something, at which time our stocks ain't gonna help anyway. And if so, not unless they're in food and munitiions and the stock exchange isn't blown up. So, if my second block gets near 8.50, it will turn into cash too. I'm trying to sell my losers off, except the EUTO and JAXI, which are microscopic, and you can no longer see them.