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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (8007)	2/6/1999 9:49:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 56535

off topic, learning from history? Just because I've done okay doesn't mean I haven't had my share of disasters...here was last year's trade gone bad...swebf. SoftQuad, swebf, did a name change, now it is NewKidCo, NKCIF quote.yahoo.com as of right now, the thing is back up, considerably above where I had bot in. If I could have held on long enough (since last September) the critter did finally come back (I don't know if it will stay up, but I could have at least gotten out of the position these last few days, if only I still had my shares...) NewKid peaked at a buck fifty. ah, to think I once had 30k shares at around 1 1/8ths...but I got shook out, sold all the way down to fifty cents and took a bath. battle scars So...when do you get shook out, when do you hang on for dear life? I bring this up because my basis in cnsi is 20% above where the thing is now, not good, but I'm hanging in there...

To: Poet who wrote (8007)	2/6/1999 10:03:00 PM
From: FishingDude	Read Replies (1) \| Respond to of 56535

Poet: very sound advice, selling prior to earnings. Been Haunted by holding aklm & iom through earnings. Much rather be haunted by water. Anyway good post for the Newbie. Ah is it ok to post here anymore don't quite have the time (or knowledge) to post in equivalent to a true inner 0 participant? You are all great help!

To: Poet who wrote (8007)	2/7/1999 12:42:00 AM
From: Trader J	Read Replies (1) \| Respond to of 56535

Poet: I know the perils of earnings plays all to well. I too like to play earnings releases and sell the day before. There are certain issues that I would not be caught dead in regardless of the numbers that are to be expected, other issues I am fairly comfortable with. NM is one of those issues that if I was holding, I would have no fear about the earnings report. One it trades on the NYSE, two, they have not been hyped and remain somewhat depressed compared to others. I don't think, even bad earnings will affect this stock much. Definitely risk reward though, and each person must strike that balance. What time is the chat scheduled for? TJ