Tuesday, November 21, 2006

a test of will

After MIKR's big down day today, I considered selling my remaining half.
I'm still up 1%, but IBD says to not let your winners turn into losers.
On the other hand, it also says that if a stock climbs 20% in less than
8wks, you should hold it for the full 8 weeks. That would have been a
smart rule to follow with SIM and FTEK.

Also, some folks on IP have convinced me that it is a choppy stock in
general, this is par for the course, that it's still way above the
50dma, and that I'm being scared. All these are probably true.

So I'm going to hold it and be patient and do some sitting. Even though
I'm very tempted to cash out of that and get into LQDT today. That's
one of my problems that I've identified: I like buying new stocks. I
need to decide why I'm doing this. Is it for the thrill of getting
something new, or is it to make money? If it's the latter, I need to
learn some discipline.

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