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Non-Tech : The Official Guide To GOOFS
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To: Paul Weiss who wrote (303)7/20/1996 3:27:00 PM
From: Paul Weiss   of 3539
 
Michael-- I've never admitted this before, but a trusted friend suggested Xicor to me BEFORE it broke out and quadrupled. And I passed. This was before my GOOFI conversion and my buddy (Earl E. Byers) has a knack for buying into GOOFS way too early. Like 30%-50% too early. Earl makes out fine with his investments, but only because he's quite patient. The point to this isn't how stupid and blind I can be, but since you know when to buy a verifiable GOOFS, how do you determine a sell point? This question has come up before, and although I have some goofy ideas (sell the 4th or 5th time the price falls below the 150 day moving avg., post-breakout), well, I'd like to know what criteria other GOOFIs use. Buy it as a GOOFS, sell it when its not a GOOFS? Sure. But how to decide its no longer a GOOFS? Regards, TBG Paul
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