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MSGI

03/14/05 8:28 AM

#6732 RE: larrybaz #6730

OT larrybaz, We all have sold stocks way too soon. I sold MED and MDF way too soon. But if you look at the chart of MED, it is very typical of most companies. If it is a turnaround situation and the company starts reporting good earnings, then it attracts a lot of investors which pushes the price way higher than where it should. Most of the time, these companies just cannot keep putting up the good numbers and the stock tanks giving it at chart like MED. I am sure glad that I sold CMGI at $89 even though my wife complained when it hit $120. Also glad that I sold MSGI at $65, MGIC at $85 (before a 3 for 1 split),IARC at $28, GMGC at $13, CNTR at $12 CUSM at $30. 3 or 4 of these companies don't exist now and the ones that do are selling for almost nothing compared to where I sold them. Some here have mentioned selling 1/2 when you get a double. I don't like that either, because instead of making 1000%+ on all of the stocks mentioned, the return would have been drastically cut and I would still be holding 1/2 of a lot of worthless paper. I believe in holding a stock until it no longer puts up the numbers that you expect it to and then sell all of it. Anyway, I wish you luck in your experiment as I hate to see anybody lose money. I just think that the outcome will be different than what you expect.
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deathtotaxes

03/14/05 11:44 PM

#6792 RE: larrybaz #6730

Never Sell - Larrybaz

larry said: I have been investing for quite a number of years and have owned many low-priced micro-caps. I have sold many way too soon, way too often. If you think buy and hold doesn't work, talk to Warren Buffet. He may disagree


Keep in mind that Warren Buffet usually takes an active roll in companies he invests in. Getting a seat(s) on the board, installing officers, shaping policy...

So it is not fair to compare. I hope you do great..