LVLT - Level 3 Communications (L3) Message Board

Sponsor

To: Barry Grossman who wrote (1631)	2/9/1999 2:15:00 PM
From: Don S.Boller	Read Replies (1) of 3727

Barry: Don't mean to duck your question BUT - I have been buying common stocks since the early 1950's AND honestly find it extremely difficult to predict the market itself (for 30 days)...let alone an individual stock like LVLT. If one tries to trade - there are a couple of rules to follow IMHO - be very flexible....what is the "wisdom" of today - may be totally discredited tomorrow....ALL market genie's are only temporary phenoms...(when I was a broker - we had a saying, "You are really in trouble when you start to believe your OWN bush!".)..next have a plan of action and stick to it. E.g., I will own XYZ so long as it stays above $$....below that I'm out. Use ''mental" stops...and don't fudge. The stop point is very, very tricky - (unless of course - you get a look at the specialist's book) <vbg> . There are others, but you get the idea. Best, Don