CHANGED MY MIND

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  • RL
    Senior Member
    • Sep 2003
    • 1215

    CHANGED MY MIND

    Sorry about the double post on ESMC on Fri. must have had to many Molson Canadian's. Got up this morning made coffee opened my IBD and what should appear ESMC Is In 1st. place on the IBD 100 list. Now I know I said I would sell Mon. at 19.25 and I also know that MR. MARKET said you must have discipline and sell at your target and I have followed his advice and do much better than I used to but what the hell I'm now playing with thier money. When I 'm In Vegas and playing black jack with thier money I always seem to do better. So I got out my dart board and hit #26 so guess I'll hold on untill this thing gets to $26. I'm going to use the IBD rule of selling when and If It goes down 7% I'll still be ahead

    and remember MR MARKET IS HUUUUUUUUUUUUUUUUGE
    Ray Long
  • MEA_1956
    Senior Member
    • Oct 2003
    • 655

    #2
    I Hear Ya

    This is the same way I feel somedays. Do I Sell or do I Stay. Discipline, There must be a wide range of definitions on just how a person must apply discipline. I just keep changing my plan to compensate for the lack of discipline in my game plan. I start out out looking for 15% and don't really care for "M M " next pick so I will hold for 30%. Then that day comes along where he makes another pick that just don't sets well with me and I decide to hold out and sell at 45%. Then Charters Pipeline springs a leak and I'm without contact to Share Builders, go on to school and then to work to come home to find that I'm up another 9%. Then I open my mail and find Ernie telling me he likes this stock and he thinks there is still another 15% left in it. Now what do I do.

    Discipline, I do feel I do have it but just not in the way Webester discribes it. I stick to my plan but I just keep changing my plan. ===> MEA
    GO BIG RED!!!!!

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