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MightyMo's Blog : MO's TWIT: Avoid the JOKER

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March 17, 2010 Edited: March 17, 2010

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I went to my local financial institution the other day and saw their marketing display. It stated something along these lines: "When picking up the cards, avoid the joker". In relating this to stock pick decisions, the same can happen. You need to avoid the joker. Everyone once and awhile you'll get a joker. When you do, you need to dispose of it as soon as possible and cut your loses. One of the greatest rules in stock trading.."Cut your losses short".

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JoeJustJoe Date

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March 17, 2010 11:48 Abuse this post

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GOOG advice...you said you want your lemmings out of DNDN with a 7% loss again...right? :-) I'll see what I kin do to avoid a gapola down on the open one day. *-) 3J

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MightyMo

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March 17, 2010 13:44 Abuse this post

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Unless you've hedged your longs with put options (as an example)

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JoeJustJoe Date

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March 17, 2010 14:27 Abuse this post

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And "obviously" ifn sumbody wuz pumpin DNDN thru $35...and then again as it twas making higher highs a few daze latta oooon thur would be no reason for them to be hedging long positions....altho it "woulda been nice" ifn they at least sounded at least a "little" cautious. But of course "the Cramer mentality" only throws caution to the wind. :-) With this tad bitto selling right cheeya the bulls 'should be" axin themselves >>> "Am I skeeerd?" :o But of course they won't cuz they have noooooo idea what I have in store for em. :-) 3J

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