ITII-(ITI Technologies) have a look Message Board

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Technology Stocks : ITII-(ITI Technologies) have a look

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To: Rick Shaum, Jr. who wrote (134)	8/14/1997 3:20:00 PM
From: Mark A. Stang	of 165

I've really learned some discipline in staying long with ITII--Learning to "Hate to Take the Gain". I'm up about 120% since November with this stock, best I've done on any equity holding in my life. My usual M.O. on winners is to get nervous and greedy around 50%. (Don't want to talk about my M.O. on losers right now.) I must confess that a couple of months back I tried to place a stop loss sell on my ITII holdings with a limit at 18 when the stock was on a downward trend; E-Trade wouldn't accept the order because the last was 18 1/8 and they require a 1/4 point spread on stops. I stubbornly refused to place a stop loss at 17 7/8 (which would have gone off intra-day). So serendipity saved me $30,000 in gain since that I would have missed. I'm not going to screw around with this stock again. No stops, and no trading in and out. Just careful attention to the fundamentals. I do wish we had some industry people posting here, or even a skeptic or nay-sayer just to provide a different perspective.

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