selling my AK IPO allocation of 26k shares @ 14.65 in june last year. just the thought of the forgone gains drives me up the wall.
@ miser & wallyak,
ati NEVER SELL @ A LOSS???? That's hands down,the most unwise investment decision i've eva heard anyone give on SK. guys,dont chase your losses. always have a stop loss level for any stock-could be 10-20% below the buy price based on your risk appetite.accept it was a substantial error in judgement and action,learnt from it and MOVE ON! don't let pride get in the way of your stock decisions.
but let your winners run....indefinitely
He that resteth upon gains certain,shall hardly grow to great riches; and he that puts all upon adventures,doth oftentimes break and come to poverty: it is good therefore to guard adventures with certainities that may uphold losses.- Sir Francis Bacon
It is a curious fact that of all the illusions that beset mankind, none is quite as curious as that tendency to suppose that we are mentally and morally superior to those who differ from us in opinion.