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The ELTP King

11/21/12 10:49 AM

#35432 RE: packerfanbud #35431

Well sure it's easy to say sell at the high AFTER THE FACT. Too bad nobody can predict what a stock will do. Anybody can look back at a chart THAT HAS ALREADY HAPPENED and say I would have done this or that but in reality it can't be done. Sure you may get lucky once in a while but eventually it all evens out.

AND, you're not factoring in short term capital gains tax.
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conix

11/21/12 11:04 AM

#35438 RE: packerfanbud #35431

Bingo! Trading can reduce your risks by reducing your exposure to the potential of negative surprises--which we certainly have seen here.

You have to give up on thinking that you can trade perfectly. And thinking that you are going to retire when all those shares you bought and held for three years as the stock went up and down goes to $1.00-or $5.00.

I did some numbers since I first got into ELTP at .09 --on the way to .26.

It is difficult to make a direct comparison, because the amount of shares traded were anywheres from 150,000 to 300,000 shares at a time. But the total amount of profits booked on all the swings is over .35 a share.

But, alas, I had to pay taxes and commissions.lol

And, during the trading, I used some of the capital to play other trading stocks. And did well there. Not perfect, but better than buying and holding.

Good Luck in your trading, packer!

And Happy Thanksgiving