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Politics : Ask Michael Burke

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To: Mike McFarland who wrote (23984)10/25/1997 12:53:00 PM
From: Knighty Tin   of 132070
 
Mike, I'm going to jump in here. I use a thirds system for entering and exiting stocks, CEFs, and options. So, I'll buy a third, if I still like the stock, buy another third lower, etc. Just the opposite on selling. If you have 300 shares for a full position, that would mean buying three times as the shares went lower and popping champagne corks on the thirds you own if they go higher. But I would not recommend doubling up what is already a full position. There are too many fish in the sea to double up in a diversified portfolio. Good luck, MB
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