Biotech I-Shares (IBB) Message Board

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Biotech / Medical : Biotech I-Shares (IBB)

IBB 172.26

-2.5%

Jan 8 4:00 PM EST

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To: Rich23241 who wrote (57)	4/26/2001 10:02:27 PM
From: matvest	Read Replies (2) of 75

HI Rich, Tom Veale developed a technique to avoid selling all of your shares in a prolonged uptrend that is known as a Vealie. Basically it trips when you get a sell order that will increase your cash beyond the percentage that you have designated. It takes half of the sell value and adds it to portfolio control. See Tom's site for more info: aim-users.com So what I meant is my first sell order comes in the 80s but if I sell then my cash reserve will exceed the percentage that I have it set for. Thus I pull a vealie and I get a new sell & buy price. In my case each new price generates a new Vealie until I get to about $108. Hope this helps. Larry

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