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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: Philip Bosco who wrote (3947)	1/13/1999 9:26:00 PM
From: jebj	Read Replies (2) \| Respond to of 4715

>. I first bought this stock at .04 per share and it immediately went to .13 per share. I should have just sold and walked away from this one. The other stock I bought around the same time was CAGI. I bought that at .28 per share and today that stock was at 5.00 per share. - Philip Maybe some good would come out of this if we all step back and look at what we are doing - and why. I find your - and others - statement as above interesting from the standpoint of being an investor. Especially you're still holding a stock in which you have a major, major profit in. Maybe a look back to investing 101 would be in order - starting with the simple question of "why am I buying this stock and what do I want out of it?" An inverstor has a reason why he purchases a stock, a reason for purchasing it at a certain price AND has in mind what he wants in the way of a return from the investment. I think one will find that successful investors have an answer for each of the above - a price at which they will buy, what they expect the stock to do AND a price at which they will sell - at least a part of their holdings. In the above example, you had a very good return on LTGL, and probably should have pulled some serious profits out - maybe letting a small % ride. You are in the same place with CAGI. It would seem that pulling some profit out of that stock would be in order and, again, letting some of it ride since it is effectively "house money" at this point. Just staying in a stock with the hope that it will increase foreveer with no idea as to where you will start to take your profits seems foolish - and not of the "fools" type. But we have all done it - I think they call it "greed" and as sure as God made little green apples, greed with bite you, big time. Just my 2 cents worth. jb