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Technology Stocks : Wolf speed

WOLF 22.07

-3.0%

Dec 5 9:30 AM EST

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To: Curbstone who wrote (6212)	7/17/2002 9:58:42 AM
From: All Mtn Ski	Read Replies (1) of 10714

I'm sure there are some useful books out there, but really mine is a home-grown strategy after being a LTB&H in 1995. The semis crashed that year in the Fall, and had a rough '96 and I kicked myself for being stuck in them. The technology is great, but when the stocks are so inherently volatile, buy and hold can kill you. <g> Capital preservation became job #1, trading to make and keep profits became my mantra. The formula is simple, do your FA and identify 5-7 companies that are solid and reasonably valued. Watch them like a hawk and get a 'feel' for how they trade. Think contrarian and don't be afraid to book profits. I have found that stocks have run away from me only about 25% of the time, and if they do, usually there is always another candidate to trade. Often I can re-establish a position at a lower price, all the while building a 'cushion' through trading that position. A-M-S

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