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imshredin2

07/29/08 3:38 PM

#13869 RE: kermit42 #13826

Wise words from the "green " guy. I had a stock a few days ago that ran up +$200 real quick. I sat there like a fool going hummm what to do? It starts to reverse, I wait for the bounce, no bounce just flat. Starts dropping again, $h!T what now? keeps dropping. Finally I pound my desk AAAHHHGGGG and sell for a $25 profit. If I stayed in, today I would be down $175 That was money I needed back quick. I had a longer investment window in UVSE but I did sell some when the news was delayed. I've started playing the 1/2 wrong 1/2 right game. When I'm not sure what will happen I sell half so I don't get killed and if it goes down I can get back in if the drop seems temporary. IMO this may settle down and make a move back toward .02 The market had already factored in a 50/50 chance the news could be bad. That's why we drifted around .02 all week. GLTA