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Politics : Welcome to Slider's Dugout

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To: ecrire who wrote (3072)	10/28/2006 6:20:46 AM
From: wsw1	of 50712

at some point....and you don't know when...those divergences will materialize into a precipitous drop of GS or any other stock exhibiting the similar characteristics... it's just something to be cognizant of... it's one tool that if i had understood better, i could've protected some enormous gains on TRE...instead i held w/o ringing the register (i really didn't want to pay the short term cap gains taxes)...i'm still up significantly, but i would've thanked myself a lot more if i had take just a little off the table, say 1/3 of my position...in hindsight, in hindsight...o well, you learn as you go... a better strategy might be to peel back 10% of your position at at each major negative divergence seen on say the daily/weekly charts....it's about protecting profits and actually selling into the rhino horn, rather than having to tap out via your stop or a trend line break taking you out...sell into that upper channel...it's so simple that everyone overlooks it...and gets greedy...etc...and you know the rest of the story... slider would be in agreement here...

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