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There's a great book called "Reminiscences of a Stock Operator" by Edwin Lefevere. It is fictional; but is supposedly is about someone named Jesse Livermore.

The first 70 pages or so are very tedious, then the main character has a revalation: he can't trade outside of general market conditions. His conclusions: go long in a bull, go short in a bear. Human tendency causes us to hold on to long and disregard/misinterpert data. Well worth the read.

My net-net: when I observed the general market conditions stall and saw Cisco go from $80/share to $65/share, SELL. Instead I acknowledged the slow down and waited for it to "bump up" -never happened & I sold at $40. And darn glad I did. Cisco is gonna have a tuff few years....


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