Dorsey Wright & Associates. Point and Figure Message Board

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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Rich1 who wrote (4780)	1/12/2000 12:18:00 PM
From: Ms. X	Read Replies (2) of 9427

On a stock like IDC if you are up that much taking 1/3 off the table is really the best thing to do - especially with no history in the stock. It ran like crazy and you have to be suspicious of it. It didn't break all those bottoms in one day. The second sell signal should have been the stop point which could have been entered the night before. Or, the rally up from that point by setting in a limit order to sell. Better to take profits than to watch them all disappear. Remember this situation the next time you are in a stock and it runs high on you. If you start saying to yourself "Well, if I sell now it may continue up and I'll miss it..." You are in a bad situation. Take half off. Any time there is a high pole you are in danger of exactly this happening. Of course there are times high poles turn around and keep going like JDSU but even there taking 1/2 is a good idea. You take back your original investment and let the rest ride. That way your original capital isn't at stake, just the profits. Don't ever let a winner turn into a looser. Don't beat yourself up over it because that will only shake your confidence and THAT is even worse. Remember it for the next time. I know it is hard to manage these things while you are at work but might I suggest being in a volatile stock that has no history and has been on an insane run is not the kind of stock you want to be in if you can't be there to watch it. I know it is fun to be in these things as they take off but it doesn't make sense if you can't be there to babysit . Ya know? I also know it is hard to take profits when you think it is going to go further but that is my exact point. You think it will go further. No past resistance areas to calculate etc. Does this make sense?

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