CompuServe Messages

Don't let one failing in the stock market scare you off forever…. I was one of the (lucky) ones who MADE money off of Commodore stock..For several years I graphed the highs and lows and followed Commodore (CBU ticker symbol) daily… When you decide to buy stock in a company, set a goal, are you in it for the short or long haul? Rule #1. Don't be greedy. If you plan to sell at 20 and you bought at $10, you've done great by doubling your money… If you wish to hold on to a stock for the long haul, still watch it daily and note any resistant price levels… These are price levels which the stock seems to have trouble surpassing..If the level has not passed your goal by a set amount of time, then re-evaluate your goals with that stock… RULE #2. If you feel that you are quite knowledgeable about a stock, reading everything you can get your hands on about that company, then DON'T listen to your stock broker…My brother in law is my broker and more than once I listened to him thinking that he might know more about the stock than I and I could have done better on my own instincts…(nothing personal brother-in-law). Finally, RULE #3 be patient with a stock and use money that you can afford to lose… In the early 90's, I bought and sold CBU. My wife and I flew 1st class to Hawaii for 14 days on part of the profit from these CBU stock transactions… It can be done….Don't get discouraged…. BTW, Mutual funds take out some of the risk, since they are managed by professional investors investing in MANY stocks… Patrick White Why drive a Ford when you can drive a Porsche….AMIGA