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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: aliveinsf who wrote (57476)8/25/1999 11:59:00 AM
From: croonerjim  Read Replies (1) of 120523
 
Selling--I'm sure Jenna will respond when she can, but allow me to add my 2 cents. I have asked the same question and have read some good books on the subject and you are right, there is no clear answer. Some on this thread advocate taking partial profits on the way up and hanging on to your last 100 shares until there is a clear reversal. Some books say that is not a good idea, but instead you should set your target when you make the buy and take it when you get it regardless of momentum. Most books say if you get 20% take it--period. I, too, have missed big moves by not holding long enough. I have also held on too long. Personally, I use trailing stops on the full position and if I get stopped out, then I can always buy again on a reversal up. Hope this helps. Jim
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