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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (2118)3/22/1999 6:11:00 PM
From: Brumell  Read Replies (1) | Respond to of 5821
 
Don't know about you Buckey but I fell in love with the stock. Everytime I do that I get burned. I bought at $2.20 and watched it go up. Bought a bit more in the $2.60 range and a bit more in the $2.90 range. I clearly remember looking at the stock trade at $3.30 and thinking I should reduce but I didn't. I was in love and I got greedy. When I sold last Weds. and Thurs. what had been a nice paper profit had evaporated. Only my broker made money and they took no risk. My actions were a classic case of the old saying, "bulls can make money, bears can make money, but pigs get slaughtered" Thought I'd learned my lesson over the years but I fell off the wagon once again.

I think we oversold today and we'll go higher. When it does, I'll reduce like I usually do. I may not fully participate if the stock goes to $10 bucks or more but then that type of thinking cost me a nice profit last week.

FWIW that's just my way of thinking and everyone has their own rules. In my case, I broke my own rules and wasted a lot of time and effort as a consequence.

Regards,

Bob