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EXCO Resources Inc. Message Board

  • kg.ikj7890 kg.ikj7890 Dec 24, 2011 8:09 AM Flag

    Wilbur buys more

    Another 363,000 shares purchased over past couple days.

    When an individual learns to invest, one of the most important things he/she is taught is to know when to let go and move on. When you're in a losing position, such that if you're looking at a loss of 25% or more, it's a loser and you made a big mistake. If you follow Investors Business Daily, they heavily advocate cutting your losses, selling, and not looking back when that loss is at 7% of your purchase price.

    Now, why is it when someone with a name is guilty of the exact thing that individuals are scolded for, the individual lets logic fly out the window, and they go along making the same mistake and convincing themselves that somehow because someone with a name is doing it, that it's ok?

1.10-0.08(-6.78%)Aug 29 4:02 PMEDT