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Re: Wise Investment post# 6967

Wednesday, 10/12/2005 10:33:14 PM

Wednesday, October 12, 2005 10:33:14 PM

Post# of 7045
Wise: Very glad to see you post again, because I was getting worried that something had happened to you. I won't be much help on my picks with this board for sometime to come, due to being leveraged to the max with several long term positions that I have sitting on hold. I dropped over 65k just today on 2 of them with some major shaking that is going on. I expect even more down the road before they take a turn on the upside, but when they do it should be very rewarding. Most of my positions now are 6 to 12 month holds. The only one I ended up selling in the last six months was IBCIQ that I picked up for $2.42 held and then sold for $11.65. There isn't a lot of good news happening anywhere around the world to shed a green light sign for Wall Street to be bullish again. I think we will be in this trend for some time to come IMO. There will be a lot of different stocks hitting a 52 week low in different sectors at different times in the future. It is the type of market where caution be should exercised and one must be strong to make commitments to stay the course for any long term holds. I sure don't like it, but then again if you want to gamble in the market, you have to play the trends that come with that gamble. 5 years ago I would have used the term investment, but now the truth is buying any stock is a gamble pure and simple. Good luck to everyone here and I personally hope you make as much money as possible. Best regards, Walk

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