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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (4186)3/31/1999 4:22:00 PM
From: Investor2  Read Replies (1) | Respond to of 15132
 
Re: "You have been trying to break that bottom fishing habit ever since I have known you. Give it up <g>."

Boy, do you have me pegged! I've found that the worst thing that can happen is to get lucky on a stock, buy in close to the bottom, and then sell out for a nice profit. Every time something like that happens, I tend to move away from my very effective long-term investment strategy and start to trade in an attempt to duplicate my quick killing. Only to get caught in the muck as the "fish" burrows lower and lower.

And reading SI every day sure doesn't help keep focus, either!

Best wishes,

I2