Wednesday, December 16, 2009
CNO
I might live to regret this but I sold out of a recent purchase in CNO for a very small profit(in 4.77, out 4.91). The stock offering news has me worried in a fundamental sense, I'd rather not lose. The chart still looks good but it is not for me any longer. I think this one will stay back burner for quite a while.
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So you sold out of CNO because you had a small profit and because you are "worried". You want to make 3 million dollars and you are taking minor percentage gains? I have no interest in CNO, but this is a losing strategy. The only way you are going to make it big is if you buy a stock and it takes off making you a big profit over many weeks. The cumulation of many small gains will not do it for you, therefore taking a small profit is useless. HOLD ON TO WINNERS AND SELL LOSERS! YOU ARE PULLING THE WHEAT AND LEAVING THE WEEDS!
ReplyDeleteI can't argue as you are right. Thank you for your comments.
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