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To: 007 who wrote (22642)	5/21/1998 5:22:00 PM
From: Iceberg	Respond to of 95453

Nice post, 007. <eom> Ice

To: 007 who wrote (22642)	5/21/1998 5:27:00 PM
From: Bazmataz	Read Replies (3) \| Respond to of 95453

>>You're most peaceful when you buy a stock that is rising or sell a stock that is dropping. If you're holding long-term now, you can accept your losses, sell your shares and sleep wonderfully - at least until they fly up next week.>> Personally, selling is much more difficult than buying. If I buy a stock that's rising or sell a stock that's falling, I feel like I'm "giving in". Almost like I'm not getting a bargain. When I shop (to go off on a tangent) I'm not happy buying unless I feel like I'm getting a "good deal". I try NEVER to pay retail and want the best quality I can get for my money. Selling when something is dropping in price or buying when something is rising in price seems counterintuitive to me. It goes against the principle of "the deal". Truthfully I think I'm a much better buyer than I am a seller. I usually buy at the right times but encounter greatest difficulty selling 'correctly'. Like you said, it should be hardest to buy when the "chips are down", but I feel like I'm getting a deal, and feel like I'm doing the right thing when I do it. Selling when things are good is tough. One thing I rarely do is sell when things are this bad. I set my percentage stop (20, sometimes 25 or 30 percent) at the time of purchase and try NEVER to violate that. Only on rare occasions does that happen. I'm rambling, I know. But I see investing like test-taking. It's often much more based on technique (i.e. how does one do well on standardized tests as opposed to straight knowledge) rather than knowledge of the underlying stock. Researching stocks is great but if you don't know how to execute for a profit, you're lost. A great man, my father if you must know, once told me he could make money in ANY stock as long as you knew how to execute. He said he could blindly pick a stock and make money on it (even if it was a small amount, but he'd come out on the plus side) and he often did. Enough rambling. Comments as always are appreciated. Baz