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Re: 8eights post# 4309

Friday, 07/29/2005 10:36:16 PM

Friday, July 29, 2005 10:36:16 PM

Post# of 92056
"If someone down your street sells their house at a 50% loss because of death in the family or divorce would you think your houses value crashed too? Who ever buys that cheap house wins but those who keep their houses do not lose."

Don't agree 100% with you on this one. If I'm looking to buy the second house in that neighborhood and see the house before sold for 50% less (or 3% or 5%...whatever) then I'm looking to get that same deal regardless of the circumstances.

I think no one comes in and buys at the original asking price - they come and buy at some price between the neighborhood price and the reduced 50% price - hence the neighbors loses just a little bit.

Sure, you hope if you buy a stock at $10 and it goes to $7 if you hold long enough that it goes back to $10.

All I was saying was that if you bought HISC at 0.10 and had a stop at 0.09 you could have rebought at 0.07 or 0.075 today and not just be holding hoping for 0.10 to come around again.

Like I said I like the stock and I am long - but will not marry the stock - I will take some profits as it rises and will have a stop in for days like today so that it can be rebought much cheaper.

Congrats to those who bought in cheaper today - nice trading!