The importance of exiting into liquidity. A broker calls me...

The importance of exiting into liquidity.

A broker calls me yesterday and tells me about this great stock at 60 cents a share. I say “terrific buy me 10,000 shares.”

He calls me back 10 minutes later and says it’s up to 70 cents a share. I say “Wow, buy me another
10,000 shares.”

He calls back a few minutes later and says it’s now at 80 cents a share! I’m so excited I tell him to buy me buy me another 10,000 shares.

He immediately calls me back and says “it’s now up to 90 cents a
share”!

I say “Fantastic! Sell!” He says . . . ”to who”?

Henny Youngman