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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Ron McKinnon who wrote (43063)	8/19/2002 9:55:18 AM
From: Nemer	Read Replies (1) of 53068

Fishy ..... >>>>>> I'd like to know your thoughts on the post I made on the Z the other day that I may well hold most or all the longs on the books until Christmas now remember, the Z is more a hold portfolio than one that is managed every day, every hour (for most of us) firstly ==== I see NOTHING about a "GOOD hold portfolio" that precludes getting OUT of the position when the equity heads in the wrong direction ..... or at least a prudent person's hold portfolio .... heck, otherwise it is NOT an investment plan so much as a rigid and inflexible path of money placement. secondly ==== *NOTHING is wrong with holding a position that will eat Christmas dinner with you for a lotsa YEARS* ..... but and I'm harkening back to four-five years ago on the Z --- you and I had more than a few discussions concerning getting OUT of a position** when a) the original purchase went against you --- I recall we even debated the actual amount --- five to ten percent .... b) the profit accumulation of a position was being eroded by a downward move --- how far to let it diminish the profit pie so === as to holding the equities you now have on the Z til Christmas ... I think that is WONDERFUL .... as long as that little kicker b) --- lil devil that it is --- isn't too hard on the profit pie --- ONCE the profit is made --- it is REAL MONEY, not just paper ---- and one dassan't let it vaporize TOO far without being foolish .... >>>>> "he who catches little fishes" lol .... I like little fishes .... one of my most favs is a bream (sun fish/sunperch/red ear/blue gill/lots of other names for the same lil fishie) caught on a fly rod .... absolute delight to me and as much fun as most any I catch ......... ggggggg

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