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Echelon Corporation (ELON) Message Board

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  • johnmr12 johnmr12 Jul 18, 2007 4:01 PM Flag

    Sorry, I am out too. Will come back at lower price

    Any time you can make 40% on your money in 2 weeks, you have to be happy. However, you are a gambler, not an investor. Therefore, the laws of average say that for every 2 week 40% gain, you will have two 25% losses. But, you will only remember the gains, so you will feel as if you are ahead of the game. You also forget to factor in your short term capital gains tax versus long term. You lose some of your profits there. And the worse loss will come as you try to time when to get back in. Anyone who says they can time the market is lying. You are gambling that the stock is going back to $17 or $18, and it very well could. But, if just one more significant event takes place between now and $18, you will only get back in at a price well above what you sold for. I am not bashing you, but I think it's important to paint a clear picture of trading versus investing, and not ridicule those who have doubled and tripled their investments and continue to hold.

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ELON
1.68-0.04(-2.33%)Dec 26 4:00 PMEST

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