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Strategies & Market Trends : Z PORTFOLIO

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To: Larry S. who wrote (5575)11/3/2000 8:17:19 AM
From: Susan Saline  Read Replies (1) of 11568
 
it might be a thought here ... as dan mentioned earlier about funds having a 25% rule for our future here ... if any sponsor eners a new stock that downtrends to a 25% loss we might discuss an exit as mandatory.
As we all know we are not privy to much company information that may be the cause of a stocks decline
We think we know best ... but we don't ... that's one reason a chart is such a good 'teller'
If we had good control that is unemotional and take a loss one can always rebuy back ... or meybe even feel relieved to dump a loser
I know most here do not like this idea ... that is due to pride the ability to not accept that we can be wrong ... and pride can be a killer in the unemotional world of stock trading

as a worst case scenario use my CLEC purchase and sell at loss as an example

(not exact as memory is bad)
in at 15 out at 10
stock is now 5 bucks ... if pride had got in the way I would still be holding this and be out a heck of a lot more dollars. If I like it now I can repurchase it, have not yet though

LU in at 40 out at 30 back in at 22
one can like a company and yet still take a loss and preserve from additional loss

I just think if we take out the emotion part we could do better.

for feedback ... please all, just think on this a while

Thanks
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