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Re: Al-Nasdaq post# 22574

Saturday, 01/22/2011 1:52:29 PM

Saturday, January 22, 2011 1:52:29 PM

Post# of 30337
AL-Nasdaq

Nice name ---nasdaq came into being in the late 60s-early 70s--mabe you did also---

But ,, a very successful investor wrote a book or two and he mentions that once you have decided and taken a position, don't sell out unless you are proven wrong---but only make your next addition to that position when the first position shows that you are right---provided you have more funds to add---

When you make a decision and establish a position---3 things can happen---it goes down,, it stays the same ,,, it goes up---so, 2 outta 3 are bad---If it is going up , it is doing what you want--don't sell a winner---sell losers----hold onto winners ---do not hold onto losers.

KAT* was a winner for a lot of us---but those still holding are holding a current loser---it may or may not become a winner again

ZLUS is a current winner----when and if it begins to act like KAT# then sell it and go to the side lines protecting your profit--

ZLUS could be a very long term winner---but you can sell it at .0041 and watch it go to .0061 and buy back in,, and watch it go back to .0051---and you will think all you can do is lose money--

Cheers
Art

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