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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO

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To: SusieQ who wrote (678)7/14/1999 9:04:00 PM
From: Sergio H  Read Replies (1) of 1316
 
<Do most traders here take profit when it hits above a certain percentage?>

The difficulty in participating in this portfolio is that you can only pick one stock at a time. In my personal portfolio, I've kept all of the stocks that I've traded in and out of in this portfolio. A few of the participants have held onto their original positions. Jim C. has taken a ride into 200% territory by holding on.

The best answer that I can offer is to have a target and a time span in mind when buying the stock. If it hits the target on the plus side ahead of schedule, re-evaluate the stock and make a decision. If the trade turns negative, then pull out. If the time alloted elapses and the target hasn't been reached, re-evaluate the stock.

I don't have the same trading opinion on bb stocks, but I don't play bb stocks, so what do I know. On bb stocks, I would say that if it pops, it popped.

Sergio
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