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Friday, September 11, 2009 11:28:39 PM
In all seriousness your words were golden and I couldn't agree more. I've learned to pass on a possible run if I can't get in at a good position. Its fundamentally important to be able to bail and not get hit hard should weakness present itself. I've done a whole lot better as a beginner after I grasped this principle. My new friend Tom that runs BestOnlineTrades.com and pennystockspennystocks.com enlightened me to the thinking that there is always another trade to be had if you miss one. I am guilty of keeping this monkey. Before I could get experience under my belt I went down with this one and couldn't bring myself to sell at a +50% loss. I played it small anyway so I just wrote it off. I know promoters will paint me as a burned basher and it doesn't matter to me in the least. I know I'm not. I'm guilty as charged if you call me either a baller or a bailer. I play odds that are in my favor and the odds are this one is following the same pattern as CVRG.
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