article in the bull, page-22

Farmboy - some losers turn into winners and some winners turn into losers.

Not too often, if only we could tell the difference....!

In the case you describe, I would not call a 31 to 24 cents drop a raging loser. It would depend on the circumstances.

What I tend to do is sell losers to finance new buys. It is very rare for me to sell a consistently winning stock. FMG went from a cent to $131 in the old money before it stopped. That covers a lot of losing trades.

Once you have been involved in one big winner, it changes your focus and methods.