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Non-Tech : Caribbean Cigar Co. (CIGR,CIGRW) Trendy stock

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To: Linda Kaplan who wrote (82)11/15/1997 2:12:00 PM
From: Benjamin Hong  Read Replies (2) of 136
 
Off Topic

Linda

I found that it is important to read investment kit of the company that
Bill recommended before you buy it. I just try to find things with Bill's
eye. I 100% trust his judgement, at the same time, I want to feel comfortable
with my decision too. If I don't understand the company's business, such as
CNSI, I will be definitely extra cautious about the purchase: either wait and
see or put small amount of money into it in the beginning.

Bill normally doesn't give timely sell recommendation for his picks. It
depends on us to work out our own selling strategies based on his book.
If we put our 50% of money into one stock, we have to be extremely cautious
and conservative about average down. What if we put it into the wrong one?
Take 25% loss no matter what, and exit (like Malcolm)? Well, that take
courage to do it, right? We have to reduce the chance of making this
kind of mistakes given the fact that we will make this kind of mistakes
down the road.

I don't expect Bill to be a superman. If we follow his strategies from
his book fully, I found we can eliminate majority of his losers (only a few losers).
We do have exceptions, but compare with his winning picks, they are
relatively insignificant.

Ben


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