Never trust stock tips. Most likely he was spewing this bullshit on you hoping you'd buy and whatever money you put in would lift the price a little bit.
That's the first rule...2nd rule is to set your stop losses and stick to them.
Again, never trust stock tips, but here's a stock tip LGF
My stock pick for 2006, up 15%+ so far this year
http://www.gofuckyourself.com/showpo...4&postcount=88