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Re: johnnyrock post# 483

Friday, 04/20/2007 12:11:58 PM

Friday, April 20, 2007 12:11:58 PM

Post# of 38891
Johnny, I should tell you some of the rules of piggy-backing these boards then. Not just this board, but any. The number one thing you must know is that everyone announces their buys, but they do not announce their sells. I sometimes do, but not always. You are welcome to buy what we buy, it can make you a lot of money, but when it comes time to sell you are on your own. A good rule of thumb is, if you're making a profit, take it, especially if it is over 25%. We don't keep our money on sucker bets here. Smoke and mirror plays are for suckers. I sold what few shares of AURC I had too soon but I don't feel bad about it because I doubled my money. If I can do that once every month I will easily become very rich. Not taking your profits means you will lose everything. Ironically this is the hardest thing to teach somebody new.

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