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Re: GTRman post# 38526

Tuesday, 01/24/2012 1:01:41 PM

Tuesday, January 24, 2012 1:01:41 PM

Post# of 92948
Thanks.
All I know is that before the internet dot.com bubble crash in 2000, I had a 200K profit on a stick which went from $4 to $50.
Rather than using common sense heeding advice from others to sell at least 1/2, I listened to bozos on the internet and chatline who said stock would easily go to at least $100.
To make a long story short,after everything was said and done, by the time the stock collapsed and went well below $4, I ended up with a tiny profit.
Since that time I vowed never to put myself in that position again.
Sure .08 to $.20 is small in comparison, but again taking small portion of chips off the table which I did imo was the wise and prudent thing to do.
If it continues to go up from here, then great-if it goes down to low double numbers or high single numbers, I will buy them back while still maintaining my large core.
If it takes out $.20 and moves higher from where it is now, you can bet your ass I will sell small percentages on the way up.
That is what works for me-if others wish to simply buy and hold all of their shares, well hopefully that works also for them.
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