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Pastimes : Home on the range where the buffalo roam

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To: DOUG H who wrote (13061)4/25/2001 2:58:39 PM
From: freeus  Read Replies (1) of 13572
 
re short term.
I can't quite decide what to do frankly. I know that, as Sig says, when you have a winner (as he did with ally and I hope I do with bnso,cdo and hov) you have to give it leeway. So maybe the answer is to keep moving stops up once you have a good gain (say 20%) or not have stops on the good gainers and put stops in on the iffy ones....that being said I thought jdsu, ntap and glw were going to run for a few more days than three and lost great gains on all three...so a stop loss after you have a gain in iffy stocks WHICH ALL TECH STOCKS ARE, NOW! is probably the thing to do. I did get out of ntap with a gain but am still in jdsu and glw with losses....think on the next crazy up day I should be able to get out with a gain however slight.
But I own some of the building stocks bought recently and I expect them to run for a while.
However, I have some of my money in those Motorola bonds and if I don't cash them in I'll just have the same principle in five years that I put in in the first place, having earned 6.75% each year. Do we really want such a low % gain on our stocks, though?
I also have some cash that will probably just sit there earning 5 or 6 %.
I don't know ....there doesn't seem to be any answer. I bought cpn for long term and sold it with a gain when it appeared shaky. So I don't know if there is "long term" right now.
Still wish I'd cashed in last year when the market presented us with such a wonderful present. I thought I was so smart but it was just a happy accident. Now I know better.
Freeus
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