Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Raffica who wrote (2309)	5/24/1998 12:35:00 AM
From: SlateColt	Read Replies (2) \| Respond to of 11417

Selling a stock is MUCH harder than buying one. Ideally, you should have a strategy in place before ever buying, that way, its simply a matter of following thru with the strategy. Easier said than done though, since as a stock rises, human nature and 'greed' take over. I'm one of the battered IOM stock holders who saw his net worth climb substantially in a short amount of time only to watch it fall right back down to where it started. I never sold a share, margined all the way up and got killed on the way down. That experience, although very painful, taught me two lessons: 1) never buy on margin and, 2) take some profits off the table when you've hit a home run or better on your investment. Yes, you may not realize the maximum profit, but you also won't lose it all in the case of a stock crash. For a lot of us, that home run is near, if not already realized. With Wave, I'm going to have a tough time selling myself. The company has enormous potential and all the hard work looks like its about to pay off in a big way. This coming week will make my decision much easier. If all the ducks line up in a row, I'll be tucking this one away for a few years. If not, I'll probably sell enough to take my original investment off the table and play with other peoples money. Good luck...