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Trader0327

02/20/10 12:35 AM

#338 RE: $Money Bags$ #337

Yes the losses can mount fast. I finally started using stops and sticking with them. Before when a stock went down I would say oh it will be okay, it will bounce back. Then become a "stuckholder" and have the capital tied up for who knows how long. Now it it goes to $200 or $300 loss I am out, period. I will use the capital somewhere else. Each person should have a limit they are willing to lose and stick with it. There are thousands of stocks and many new stories to be told. Plenty of chances to make a profit as long as there is still capital to use.

As for analyst. Oh, don't get me started. LOL I swear they are just a bunch of crooks. Have seen them downgrade a stock just so they could buy in on the cheap before a run or to prevent a quick run up so they can get out of their short positions. They will also upgrade a stock when it is near the top so they can get out with the most profit. What a joke. And the analyst that downgraded CREE, he was probably buying all week that week and laughing all the way to the bank now.

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