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Non-Tech : The Official Guide To GOOFS
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To: Michael Sphar who wrote (313)7/23/1996 1:27:00 AM
From: Paul Weiss   of 3539
 
GOOFImaster Mike-- I spent much of this day contemplating the sell dilemma while trimming the legs on a new picnic table (its important for the legs to all be of an exact length). I hope Penny will accept that Oriental style outdoor dining is in vogue. Here's what I came up with: Set a target in writing when you buy the stock. Know why you're buying and establish a relevent goal. If its a low PE, figure out what a high PE would be and set that as the sell point. If its a growth rate, set a goal of selling when it falls below a certain level (maybe 2 consecutive quarters?). This assumes there is a price appreciation. And those 'other' stocks... the one's that drift down and down? Well, maybe a quit position (not a stop loss necessarily) would work? Whatcha think? Worth ignoring? Regards, TBG Paul
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