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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (40002)5/29/2002 10:47:40 AM
From: Joe Stocks  Read Replies (1) of 53068
 
Dan, "My strategy is to scale into quality companies that have good balance sheets and wait for the inevitable profit. If they go lower, I'll buy more. If they go up, I'll take a little off the table."

Dan, Do you have an exit strategy in this if things don't go your way? It appears also that you would be selling your gainers and hanging on and adding to your losers. If I'm reading this right it doesn't sound like good portfolio management to me. I haven't been around long enough to know what your track record is like but I don't think I've ever seen that strategy work. Please forgive me if I misinterpreted it.

Joe
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