America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: Michael Strope who wrote (2736)	4/6/1997 7:55:00 PM
From: James F. Hopkins	of 13594

Hi Michael: Got the picture ''' I thimk ! your doing like I do some longs, buy so much; sell (o o) half on a run up, then buy that 1/2 back on a dip, and reduce-ooO-( )-Ooo- my cost, got one I'm accumulating.. started with 1000 sold 500..bought back 700 sold 600, now have 600 but much cheaper than when I went in..and will buy more of it if she retraces another 1/2..but it's a much cheaper stock than AOL..it's been fairly well beat down already VUPDA..I'm in it at 4-1/8 and don't look to get hurt. My general thought on a long is sell 1/2 on any quick run up..I let the market set the price..and use Moving average..rule of thumb is 20% over the 50 day..or 35% over the 100 day..or 70 % over the 200 day..so the sell price floats with the MA..to not take some profits at thoes points and wait for a retrace is kind nutso IMHO. Bulls make money, Bears make money..but Hogs, and Chickens get slaughterd..the market feeds on Greed, and Fear.. Take care Jim

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