Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 151.94

+1.1%

Nov 25 3:59 PM EST

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To: Cary Salsberg who wrote (3706)	12/11/1997 10:20:00 AM
From: Thomas J Pittman	Read Replies (2) of 10921

Re:I bought LOW, but I didn't sell HIGH.....I might sell some HIGH the next time. Cary, I bought LOW, but didn't sell HIGH either though I did sell some. What a drag. Live and Learn I guess. My question: do you wish that you had....I dont mean to ask if you wished you had made all the money possible, i mean do you wish you had been more like a trader or are you committed to more of a buy and hold. How will you know when to sell. In my case, I was greedy up at the peak. For example, I had written notes to myself that I should have sold 1/2 lrcx position at 60 since i viewed that valuation as near the upper end of a fair value range given the earnings bagley had projected. But I did not. We blew through it so fast, i did not even bother to put a stop loss order at 60. Now i sit back at 30 or less still with a small gain, but knowing that based on my own strategy, i failed to execute because it made me feel 'like a trader' due to the speed of the rise. This is giving me a complex.......but hey. i have some cash but expect to be holding the trigger for awhile. J

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