petes2cents.com - Latest Comments

Re: CVS Pays $75 Million Penalty

BearBear — Sun, 17 Oct 2010 16:49:20 -0000

Oboy!! The Obama Admin reaps $75 million from CVS and the customersget to pay for it with higher prices. Whoopee Barry does it again.

Re: ABOUT

peter AMADOR — Fri, 31 Jul 2009 13:52:14 -0000

Brian, thanks for the kind words. Your problem is very common and it is one of the main reasons traders lose their gains/profits. Human behavior and greed sets in, thinking that we will make more money, and then the stocks pulls away from us when we least expect it. Then of course we try to regain those profits and a winner becomes a loser. Don't be upset for your 15% to 20% gains. A gain is a gain, and having that percentage of profit, your doing just fine. Building and selling off shares of stock is where you become an expert in trading and gain the maximum amount of profit. Your purchase of AKS I believe is a good pick and I have been holding and sharing information about this stock and trade to the general public for some time. Your $28 target is very realistic. The best advice I can give you on selling a winner is to set a target from the beginning and stick to that number. As far as a loser, 7% should be your maximum loss, unless it's a smaller stock and have very little shares and are starting to build a position. Every stock and trade is different, but if you feel pain, your doing something wrong. Trading should be enjoyable and profitable. Hope this helps. ~ Peter

Re: ABOUT

peter AMADOR — Fri, 31 Jul 2009 13:37:25 -0000

peyton976 5:52 PM on July 30, 2009
Hey Pete, I enjoy listening to your podcasts and Im looking forward to you talking about your system here in the future. I guess my problem has been knowing when to sell, I bought some good stocks in March, April and sold most for 15 to 20% gains thinking market was going to pullback and the market did not. I dont have a large amount of stock so I was selling all but learned to sell half and re evaluate the other half now. I purchased aks again today and hopefully it runs to 28. Thanks for the picks and advice, was wondering when do you know when to bail out on a looser or let a winner run. thanks
Brian