Dave...Lesson #1. Never judge your entry and exit points from any one poster. No matter how knowledgeable they may seem. I think all of us here have learned a thing or two about our timing/judgement, and how to become more successful traders/investors. At that time, in the weeks leading up to the June-July XKEM run, The RB board was so hard to follow, there is no one person that could possible be linked to the actual rise/fall of XKEM. We all knew Bigd, was a large share holder, even if he had ended his position at that time, We were trading such high volume, that it would have more than likely been a blip for the week in question.
Listen, I know this has been a painful experience, It is what we take from it, and apply the next time around. I can assure you that all involved at that time, will do just that when the time is appropriate. How do you think I feel, after letting XKEM slip away, I suggested to you that PAIM, was going to hit big.
If you think about it, I am responsible for the losses we suffered there. Not proud of it, but it's been one dam error after another. For anybody that reads this post. If there is one lesson that you apply towards the future, That is......
You can follow advise about what plays might have the most potential. Do as much DD as you can, and continue to follow that stock for as long as needed for your level of comfort. Once YOU are 110% on your decision to take a position do so. After you are satisfied with the position that has been taken... Have a plan as to where your exit points most suit your investment style. We all know after the one biggest mistake that many of us have ever made, it would have been wise to lighten the load little by little, all along the way. There is nothing wrong with taking a profit if you feel that it is your calling. Hell if I had stuck to some sort of regimen, I wouldn't be suffering half as bad as I have been for the second half of 06. And that goes for every one that was involved at that time. Moral of the story.
85% of us were either emotionally attached, or caught up in the hype behind the story of XKEM at that time. This is one lesson I plan to instill in my investment/trading style for as long as I choose to step on the playing field ... Nobody's buying my next ticket to the promise land......If they were, I wouldn't be typing this message in the wee hours of the morning. GLTY
