News Focus
News Focus
icon url

SeriousMoney

05/08/05 12:36 PM

#16080 RE: Mickey10305 #16077

mickey: And if NEOM drops back to 30's or lower, those with high average buy-ins will be down 50%, a very scary place to be. I was there with SCON, EGHT, and INSM, and finally sold to raise cash for NEOM among others. Personally, if NEOM dips to those levels, I will buy like a teenager with a $1000 gift certificate in an EB games store. But, NEOM is a small portion of my two-dozen or so stocks. Again, if all your eggs are kept in one micro-basket, and that single basket is stolen (by shorts or manipulators or bad management or bad luck), then you and your kids will lie awake every night very, very hungry. But, if your eggs are carefully distributed among several baskets, well, when one is stolen, you can still take the family out to eat -- sometimes filet-mignon with Regusci Cabernet (another TS reco)-- and sleep like a baby! And best of all, you live to play another day of this! Diversify, live long & prosper!