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Re: Peggy post# 517

Saturday, 02/05/2011 11:50:53 PM

Saturday, February 05, 2011 11:50:53 PM

Post# of 2081
After losing a pile of money in the last year and a half I have learned never to listen to anybody making big predictions on any of these boards. They are people just like you and me and just shooting off their wishful thinking. Just go and look back at ANY boards that you have been on and you'll see that 99% of the predictions made there were dead wrong. The key is to watch a few stocks and notice their patterns, how low they usually go before they move back up and then get in at the bottom. Look at the OTC most active every day and watch for stocks that have big drops, LIKE THIS HAD, then check them out. I noticed WLOCD this way and watched it fall and bought in at the .13 mark. Though it still fell a little, I don't think it will go below .10, so the down side is minimal and the upside is huge. Also, I ALWAYS sell at 25% profit. Sometimes I miss big gains but I never hold on until it drops and lose all my money from being greedy. After losing enough money, you'll begin to learn to take profits at 25%, which hardly ever happen in a short time period with the big stocks.