Friday, August 20, 2010 8:37:31 AM
What I am doing ...
I have been tempted to intellectually and emotionally say to myself "At $XXX.XX per share I am going to sell XXX shares".
I then realized the folly of my thinking ...
I am making enormous financial decisions by doing this BEFORE I HAVE ALL OF THE INFORMATION!
I am going to wait to see what information the company releases THEN make an informed decision about how much and when.
Why sell for pennies when it can be worth dollars potentially? The only way to fully appreciate true potential is to wait on more information from the company.
This is what distinguishes investing from gambling, IMO: the ability to make monetary decisions based on solid information obtained through due diligence and readily and uneasily obtained sources of information.
As always, make your own decisions, and please, do not trade or invest based upon my posts. READ MY DISCLAIMERS!
I have been tempted to intellectually and emotionally say to myself "At $XXX.XX per share I am going to sell XXX shares".
I then realized the folly of my thinking ...
I am making enormous financial decisions by doing this BEFORE I HAVE ALL OF THE INFORMATION!
I am going to wait to see what information the company releases THEN make an informed decision about how much and when.
Why sell for pennies when it can be worth dollars potentially? The only way to fully appreciate true potential is to wait on more information from the company.
This is what distinguishes investing from gambling, IMO: the ability to make monetary decisions based on solid information obtained through due diligence and readily and uneasily obtained sources of information.
As always, make your own decisions, and please, do not trade or invest based upon my posts. READ MY DISCLAIMERS!
Never buy or sell based on my posts.Always consult with a licensed securities professional before you buy or sell any security.My posts are opinions only.Never use them as due diligence.My positions are subject to change without notice.
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