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Strategies & Market Trends : Z PORTFOLIO
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To: Ron McKinnon who wrote (1294)1/1/1998 1:19:00 PM
From: DanZ  Read Replies (2) of 11568
 
Ron,

I think you accidentally posted the closing prices from Dec 30 instead of Dec 31. Most of our positions closed higher yesterday and will help our year end results. Every little bit helps. ggg

Thanks for keeping the portfolio results during 1997. It's a lot of work and I'm sure that everybody joins me in saying we sincerely appreciate it!

Reference your comment about selling everything and starting over: I don't think that happens in a real managed portfolio but I would agree to do it if our goal is to start over each year. I looked at all of our positions the other day and was getting ready to post my recommendations when the browser crashed and I lost everything that I had typed. It took me several hours to review the stocks and type my comments and I was so frustrated that I didn't feel like redoing it right away. I haven't had time to do it again but will shortly. There are some stocks that I recommend we sell and others that I recommend we hold.

I don't think using margin creates a problem when comparing our results to the market indicies. Mutual fund managers use margin and their results are also compared to the market indicies. I vote to keep using margin because I think it's more realistic than a flat cash account. The goal is to beat the market averages anyway we can. Does anybody else have a recommendation?

With regards to using stops, I think this is a matter of preference. I never use stops, or any GTC orders for that matter, in my personal account. I prefer to sell a stock when it no longer looks good to me technically. And while I may not have done this in all instances, I did in the preponderance of cases and prefer not to select an arbitrary number (such as 5%) for stop orders.

Thanks again Ron. Happy New Year to you and all my other Z friends.

Dan
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