#Commodore Stock Up
28-Dec-91 22:57:18
Sb: #44460-#Commodore Stock Up
Fm: daniel wolf 70250,626
To: Tony Muscarella 70367,3321
tony, i guess i could have bought at 4.5 or 5. What i did you the year
before was buy CBU at 7.75 (it later went down to 5), but I sold it all at
16.5 less than a year later. I just bought back in at 12.5. All in all,
over the years, CBU has made me a good chunk of change, both options and
stock. I'd say now that it is about 17 again, my earlier doubling and
recent wise purchase (for the time being) weren't bad. I never try to buy
'at the bottom' (the $5 price was the bottom, I bought at 7.75). Or 'sell
at the top' (the $21 was reached before I sold as it settled back to 16.5).
I just try to buy at what seems low to me, then wait and when there's any
substantial advance (and I'm willing to wait out temporary declines, too),
sell and take a profit. By avoiding maximum strategies and settling for
moderate ones I never regret my 'missed' profits – I'm quite pleased with
the decent profits I've made on CBU. They certainly could have been
greater had I been equipped with an Amiga Crystal Ball instead of an Amiga
2000. BTW I told my broker that if it hits 20, sell.