Quote:
Originally Posted by Kenny B!
Right, but at some point when a stock is tanking where do you cut your losses? Take the great Nortel and now RIM both were supposed to be solid companies, one went from $125 to nothing and the other $125 to now $19... sell or hold all the way down, either way you can consider it a loss.
Two examples of hundreds out there. I'll invest in something I have some control over.
People make a killing on the market, I made fantastic money for a while. Then like at the black jack table I gave most of it back.
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Well problem is you are probably like me.. Willing to gamble. I played with penny stocks for a while just to see if I could make anything out of them. I actually tripled my money when I first started and then gave it all back..
Still those gains and losses were never confirmed until I sold. Granted sometimes you just know it's a loss. I mean I still have some Freddie Mac I'm holding.. I flipped it 3 times during the whole fiasco with them and finally got caught in it.
One day maybe it will be more than a 40 cent stock again..
