ELOS continues to slide. A perfect example of why we sell when down 7%. If we'd held we'd be down close to 40%. I thought it would come back at 7. It hurt at the time but it feels good now.
posted by Scott at 8:25 AM
Friday, January 06, 2006
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1 Comments:
If you are disciplined at buy in intervals and not all at once, you wouldn't need to sell at 7% loss. It strikes as a very stupid rule given the only way to be sucessful in invesing if you follow such a rule is to have the magic of predicting the bottom in every stock and purchasing - at least within 7% of the bottom if not the ultimate bottom. Doesn't sound like a reasonable target to me.
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