posted
This is an interesting stock, I'm not exactly sure what to take away from this kind of activity in terms of a learning experience, other than protect your capital and don't panic, which you guess helped me out with (THANKS A MIL)anybody else want to give their take on today's action?
-------------------- YOU CAN'T LOSE IF YOU DON'T PLAY, BUT YOU CERTAINLY WON'T WIN!!
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quote:Originally posted by everydayaverageinvestor: The market giveth, and the market taketh away.
That was the quote of the day...the other one is the age old (depending on your favorite variation)
"Bulls get fat, Bears get fat, Pigs get slaughtered"
OR
"Pigs get fat, Hogs get slaughtered"
Either way, the message is the same, and I would wager that most every investor has found themselves oinking LOUDLY at least once....if you have a good profit, don't be greedy and salvage some of it no matter what...you might not make quite as much, but you will definately be happier than if you lose it all.
I speak from experience.
-------------------- Study before you buy, Sell before you think about it....
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posted
Yep - I've been up over 100% and lost it all in a few days. It's like Vegas - play with what you are comfortable losing, and when you are up, play with the house's money. After the course of a year, if you can manage a 20% return on pennies, that's way more than your bank would have given you.
quote:Originally posted by everydayaverageinvestor: Yep - I've been up over 100% and lost it all in a few days. It's like Vegas - play with what you are comfortable losing, and when you are up, play with the house's money. After the course of a year, if you can manage a 20% return on pennies, that's way more than your bank would have given you.
It's never a wise bet to go long on a penny.
Lost it all in a few days? I've been up about 300% and lost it all in 10 minutes.
Very nice point about the return...I always do better when I play the 10-20% return plays and get out.
-------------------- Study before you buy, Sell before you think about it....
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posted
For me? Don't think there will be a re-entry...the "play" for now is done...that Shakerzzz probably took it higher than it would've gone...but yesterday killed any run...IMO.. it might be good for .10-25 here and there...but right now..it's too unstable...IMO (hope I am wrong) GL!
quote:Originally posted by Stock_Pupil: Anybody want to guess on a re-entry point?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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