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Re: timhyma post# 981

Thursday, 01/26/2006 12:17:57 AM

Thursday, January 26, 2006 12:17:57 AM

Post# of 1036
Hi Again,

I do try to time my Buys based on technicals, but as you very well know, many a times, those darn technical signals just don't pan out......however, more often than not, my Sells which are also based on technicals, fare much better...

The NEOM example is kinda interesting...That stock has a GREAT story, which is taking forever to pan out...So, whenever I feel that my investment is "dead money" for a while, I don't hesitate to partially liquidate my position to invest in greener pastures elsewhere with the aim of coming back when the outlook is a bit more rosy...But as you may have noticed, I have never sold out my entire position in NEOM...And you are absolutely right, I have not, to date, made a dime in NEOM...just losses...But I am still hopeful...

Another stock which has not netted me a dime, but tons of losses, and in spite of that, continues to be a big portion of my NAV is Peregrine Pharmaceuticals. I have been invested in this company now for more than 5 years and in one of my accounts at a full service brokerage house where their transaction fees are out of sight, I have parked a sizeable holding in PPHM for over 4 years. Their fees have acted as a deterrent against trading that investment. Some may argue that I am emotionally attached to this particular investment, but I am so confident in my research, that I am quite sanguine with my chances...And recent developments at this company have convinced me even further about my decision...

Wink, wink!

The premise behind the birth of this Fund/Board was to disprove the general perception that investing in microcap stocks was a surefire way to make a small fortune...from a large one! And so far I think I have been quite successful in debunking that notion! The first and foremost job of every investor/fund manager is the preservation of the initial investment and then to find ways to make that investment grow with moderate risk...By investing my Fund's NAV in various companies and by keeping a very close watchful eye on those investments through exhausting due diligence, I am ensuring that the risk is always manageable...Being human, I too am susceptible to all the vagaries of the human emotion(s), and it is very difficult, if not impossible, to completely take that out of my decision making process…but I try...The very fact that this particular Fund of mine is totally transparent, and therefore open to scrutiny, allows me to be more detached and mechanical. But even then, I am sometimes caught in the throes of my emotions...Just can't help it...


However, my returns to date tell me that by and large, I have been reasonably successful in keeping my emotions in check...



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