CSCO buy/sell plan:
The goal is to accumulate a longterm (=hold for years) position, at an average cost somewhere near the eventual lows, while keeping my capital intact. I began buying the dip in 9-10/01, sold all that holding, then bought CSCO again in the 2/02 dip, and sold 60% of that in the following rally. I didn't sell all, because I was encouraged that Cisco's sales/profits/margins seem to have bottomed.
Now holding only the two lowest-cost lots I bought in February, at 15 and 14.44. For now, I think I'll place limit orders, each equal to 3% of my portfolio, beginning at $14.00, and every $0.50 on down. If I don't get any at 14 in the next couple of weeks, I may up that to 14.50. Lighten up, partially, at $16.50 and up. |
