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Re: Cincy Trader post# 646983

Friday, 03/19/2010 11:35:40 AM

Friday, March 19, 2010 11:35:40 AM

Post# of 704019
I finally dumped JDSU about a year ago .. bought it at 120 to start, averaged down as "low" as 30 and sold it AFTER the reverse split .. took over a 90% loss, maybe more .. foolishly held onto the stocks in 2000 thinking market would bounce. Then after a 50% haircut, thought .. NOW the market will bounce .. another 50% haircut, and again, and again - learned an expensive lesson about taking losses, sadly I was pretty much wiped out.
Hope others wised up before I did. But these days, it's trading scared which is a really bad way to trade.
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