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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (17639)9/1/2003 11:33:25 PM
From: Steve168  Read Replies (2) of 78476
 
<<looking for a balance between holding on and letting go.>>

Paul, I am also thinking about what to do at this stage of the market. A lot of stocks we discussed here couple months ago already had significant gain, some doubled or tripled. I got the feeling of "rising tide lifting all boats" now. I had same feeling in early 2000 but failed to take profits and hold onto cash then, just to watch my big "unrealized gain" vanished. I DON'T want that happen to me again.

I took some profit already, and started some short positions (too early), but the economy appears to be turning the corner and market could still have more upside to go technically, it is a tough decision to get the chips off the table now. But I think I will do it, I would rather miss another 10-20% gain than having my existing "unrealized gain" disappear.

I welcome any insightful comment from everyone, please specify how long you have been in the market and best to refer some history you experienced to compare.

Thanks,
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