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Replies to #16 on Money 101 (Money)

Tina

11/19/06 12:30 PM

#17 RE: lowman #16

That's great advice.

I tend to do the same. I learned my biggest lesson with GZFX. I was all into this being a "long" that I was convinced it would go to the moon and no one could tell me otherwise. It wasn't until I was tremendously buying to lower my average that I realized what an idiot I was for not selling a portion on the rise.

Now with BKMP, I'm probably overly paranoid from the GZFX experience that I am constantly flipping on the ups and downs.

It seems like most traders that I know have at least one POS that they truly believe in for the long run. I think mine would have to be BKMP and maybe ETIM. However, I've conditioned myself not to "just hold." If either goes up just a little bit, I will be flipping a good portion of my shares again and holding the freebies.