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Wednesday, March 26, 2008

Penny-Wise, Pound-Foolish

Penny-Wise, Pound-Foolish ( cautious with small amounts of money, but careless with larger amounts ... )

People hold stocks with 50% loss and sell stock with 5% gain.

You have to break the habit if you truly want to make money.

Which stocks are down 50%?

How about solars and VMW?

Math question -- if you have 50% loss in a postion, how much gain do you need to break even.