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Re: Re: [sharechat] directional movement

From:	Roy <baldman@internet-auditor.com>
Date:	Mon, 04 Sep 2000 20:07:22 +1200

This thread reminds me of an observation regarding those who have only been in the market a shortish time.

THEY seem

Happy to sell good stocks for a profit

rather than sell bad stocks a loss.

With regard to RMG the discussion depends on your time horizon surely.

I believe for instance that Telecom is a long term growth prospect however that did not stop me selling my last tranche at a small loss (6.95) so that I could re-enter later at a lower price.(6.48). Of course if I was a longer term man I would probably not have noticed the volatility :):).

But then my main time horizon is focused on cleaning up my act before going to the pub on a Friday night :):) (or any other suitable night if it comes to that!!!)

Cheers

"I Trade therefore I am"
Zen Trader philosophy

Roy

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