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Re: oldtimerdraftsman post# 6997

Wednesday, 08/15/2007 8:45:42 AM

Wednesday, August 15, 2007 8:45:42 AM

Post# of 16882
That's a gutsy move to make, but probably a wise move. If the situation stays basically the same between now and next Tuesday, you'll have a terrific position in TQWI and the chances of it turning into a 300% increase are exceptionally good. Of course the chatter is for a run that goes much beyond that, however one of the most important secrets of success in this game is knowing when to sell. You don't get to keep the money until you sell.

You might consider an exit strategy whereby, as soon as the pps reaches a certain point, you sell enough to convert the numbers on your screen back into "real money" equal to your current 401k balance. Then if a sudden drop in 5 minutes time wipes out the big numbers on the screen (it happens) ...then you won't forever kick yourself.

‘Just a thought.

Your proposed contribution will certainly help the price rise due to the basic law of supply & demand, ...and for that, we the current investors, thank you in advance!!
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