Wednesday, October 1, 2008

AGM

is up 57% and my friend averaged down to make mouth watering profits. While I was on the sidelines, eating a 23% loss.

Once again it shows that you have to man up to make profits in the market.

But I did buy today. Because my intention was and is capturing the long term trend. Short term uncertainty and unfamiliarity with the margin calls on a company like this made me want to stay on the sidelines until there was clarity in the market.

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