Check out JDSU back 7-11 when ran up about 30% in few days, but it got over it. Remember GLW when ran up to $4.25 few weeks ago? Remember posts getting real hot back then? Momentum can get you in trouble, but I will be considered a spoil sport.
I have 5273 shares long so just sitting tight, but in no rush. When it happens, it happens.
Postponed my B-17 flight until tomorrow due to bad cylinder on engine. I am patient and can wait.
"If he had of meant for man to invest, he would have given him more than 25k to play with"
Got lot more but think it wise to be divirse. Have 63 stocks in private holding, 5 stocks, 1 junk bond fund, one regular stock fund, with Prudential Securities, and GLW with Merill Lynch, and 4 stocks with certificates, and 5 municipal bonds tax free. Also GLW 401-K with 25 year inputs. Just that $25K is all I want to play tag with for now.
Flight time. See you.
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Re: Caution Momemtum
by: chartmakerus (62/M/NY) 08/21/02 09:38 am
Msg: 84036 of 84043
"NO SHAME IN MISSING A 'LEAKING' BOAT!"
Win some, lose some, just expect to win more than lose. As in sports, you do not have to perfect, or even excellent, just better than the competition.
Reminds me of a story: Two men are being chased by a bear and one says to the other "You're never going to out run him!" The second man replied, "I don't have to out run him, just you!"
"So while Frog is working, I will be soaring."
If gawd had of meant for man to fly, he would have given him wings. If he had of meant for man to invest, he would have given him more than 25k to play with.
"NO SHAME IN MISSING A 'LEAKING' BOAT!"
Win some, lose some, just expect to win more than lose. As in sports, you do not have to perfect, or even excellent, just better than the competition. When you miss one goal/ball/puck/etc, and worry about it, you lose. As in life there is rarely only one chance. There will be more here.
For me, looking forward to the B-17 ride at noon. Lost a cylinder yesterday and did not go. Hoping for a second chance. If I miss this one, then I will be depressed. So while Frog is working, I will be soaring. (well not really soaring)
"Always stay away when stock is docile."
glw quit being docile yesterday...
"About 3 years ago I took the Dow for a year"
I started out doing research & data on my 1st computer, had the entire hard drive filled with stock data, I had so much data that it was usless, no way I could read all that crap and not burn out the eyes. I formatted the HD and began using Real Time data, gets me in on stock bottoms, market turns, and so forth, no matter what past history indicates, therefore rendering past performance as useless information. hahahahahahahahahahahahahahahaha
"So, what you're saying is you missed the boat and will not buy unless glw goes back to 1.55 or so. Right?"
No. I am going back to my dicipline. Been playing by seat of the pants last two rounds and failed twice in a row. Have never failed two times in succession before. Have made over 50% per year (4 years)playing by the rules, and just over 50% still in GLW in 10 months, so do not intend to lose again. Only expect to work less than one hour per day, and 4 days per week on average so need to play smart.
By my discipline, will only go in when stock is in high volatility rhythm. Always stay away when stock is docile. I would not buy back in at $1.55 today. Right now looking at another stock to follow for trading, but keep my long in GLW. Just not enough volatility in GLW.
About 3 years ago I took the Dow for a year, think it was 1999, marked the history for dips of 3% or more, and test ran what would happen if: Buy in one day early/late on the dip, sell one day early/late on the following peak, and only get in on half the opportunities. Still would make 30% per year. Just need a Dow like stock to play, and then only end of day price, so have to only work limited time. That fits my goals. Pick a volatile stock and make 50%+. Just have to play by a set of rules, and not worry about the missed opportunites.
"have 5273 shares long so just sitting tight"
last you posted you were out and going to buy in during next dow decline, you said when dow went down glw would too, well, dow down today and glw up, sooooo? truth is you did not participate in todays rally, hehe.
"last you posted you were out and going to buy in during next dow decline, you said when dow went down glw.."
I have my trading fund which is still in cash. Also have old GLW which I do not mess with. Goes back to 1987-88 and added through 1996. Sold part for $99/share and kept the rest to avoid big tax bite in one year. Huge mistake.
Still GLW third largest single holding after FO and CIN. Do not want to load up on GLW too much long.