International Development and Environmental Holdings (fka IDEH)

[jalexander]

tienlinn: patience will be rewarded. Like Buffett says; the market is in the business of transferring wealth from the active to the patient!

I used to follow the conventional wisdom of letting profits run and cutting losses short. Result? 80% losers. I used to try to time the market; result: 80% losers. Since I am not emotionally equipped to trade using conventional wisdom, I now use my strengths--which are analysis and a reluctance to sell at a loss--to my benefit rather than try to do something I'm not capable of doing. I now invest very carefully and know exactly why I'm in. Once I make that decision I will sell at a profit or I will write off the 100% loss after the company goes out of business. This approach can only be applied to stocks with low prices and huge potential. Result? Problem solved! Obviously I don't invest too heavily in any one deal.

It may take a year, but I think this one will pay off. Like the colonel says in the cartoon movie "Spirit" I watch with my grandson: "...time, discipline, and patience are the three great levelers."