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MRT144
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Seattle Washington
Oct 2002 time: 21:28
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azazel, even worse, biotech.
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MRT144
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Seattle Washington
Oct 2002 time: 21:28
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its risky japher. but you like risks. maybe we should go to cache creek some time and you can match all the money you lose in a mutual fund or something.
so say you lose 500 bucks at cache creek. you invest 500 dollars in the market. lets do this thang!
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Drogue
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Omnipresent conscience
Oct 2002 time: 05:28
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I go as high risk as possible. I don't mind if it lose it all, it's not a lot of money, and I don't have a need for it, yet if I get a good one, then I can buy myself a car I have about 6 or 7 hightech (from internet to investment vehicles to biotech, my current fave) firms, and a couple for takeover prospects. As for cashing in, it was shown in a study a few years ago (will try to find it) that stocks have a tendancy to mean reversion. That is, if it strays a lot from its price, either up or down, it has a tendancy to come back slightly. This is also shown that when you have good or bas news about a company, the market tends to overreact, being that humans act like sheep, and if it's going down, sell. I would say if it's gone up a lot, look to see what it's backed by. If it's something amazing, maybe hold them. Otherwise, sell them, and take your profits.
One of the wisest men I ever met, who I worked for for a little while, used to say "get in, make your money, get out and leave a little for the next guy". He was a very successful stockbroker (hint: he no longer works )
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