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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?


To: don roberson who wrote (7260)10/7/1998 12:24:00 PM
From: TsioKawe  Read Replies (1) | Respond to of 15313
 
Don't be fooled by prices...

The present price doesn't bother me one bit. I'll probably pick up a few more this week but I'm in no panic and I won't be disappointed if the price should fall even lower. I've learned from the big boys like Soros and Buffet it isn't all about current price or trying to accurately predict lows.

It's all about picking the stocks that have the potential to get above whatever price you buy in at. Soros bought a million shares of elnk at 10.5 bought nothing when it fell to 8.6 or so, then bought another million shares back above 10.5 again. Waited months and months, then finally the stock shot up to 70.

He didn't sell at the peak he didn't buy at the low even though I suspect he could have, nor did he even average at all. Nor does Buffet average or buy at the low or sell at the highs even though he has shares on hand and can do this.

So know your company is sound, your dd is good, your CEO is no crook and just keep picking up shares!