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Re: wbmw post# 24680

Thursday, 02/02/2006 9:59:18 AM

Thursday, February 02, 2006 9:59:18 AM

Post# of 151812
wbmw,

You're a genius, Joe. According to you, anyone who bought AMD before it was $24 (i.e. in the $5-20 range) and sold it at $24 would have subsequently "lost money". It sounds like you have a pretty strong grasp of the way trading stocks work, eh?

The time of purchase is irrelevant. Whether it was $5, $21, or $40 to cover a short. The time of sale is, and your recommendation had just about the worst timing.

And, after several times of getting it explained to you, you still choose to misportray my recommendation, which was to "look for a place to sell"

LOL. Retroactively, it turns out, that it was not the best time to start looking...

Come on, Joe. You were one of the chumps holding the bag when Jerry Sanders did his pump and dump, and AMD took the long, hard road from 2000 highs to fears of bankruptcy. I'm quite sure you've already rivaled by far the worst investment decision I've ever made.

I see, I made a mistake by not selling for a loss near the lows (like you, IIRC), but held, bought more to ride back to the highs.

Thanks for reminding me of another one of your great investment decisions.

Joe
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