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Technology Stocks : LSI Corporation
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To: frank/fla. who wrote (12046)4/30/1998 9:34:00 PM
From: shane forbes  Read Replies (2) of 25814
 
RE: getting in and out of a stock can be done very cheaply these
days

Frank: Yes I agree and if I had a huge portion of my assets in LSI, over the s/t, I would be concerned about any market collapse and the drop in LSI. (i/t and l/t these mean nothing!).

However wiht just 7% (from 6% a few days ago :-]) in LSI any day to day fluctuations really don't faze me that much. Even better a good chunk is in the IRA - which makes me care even less.

For another take:
If I invested in say 3 down-and-out stocks 6 months ago and as of today they are showing say a slight positive to 0% return, it really does not concern me at all that I am "trailing the market" because if I am right in say 2 years, when those stocks do what I expected them to do when I first bought them, my average return will be "crushing the market".

It's all about knowing (and understanding) what you have and next how long you want to own them isn't it?

Generally speaking if I have truly large positions in a stock I tend to trade just a portion of it mainly for fun. As an ancillary benefit, I don't feel in the dumps if the stock does collapse (since I've presumably sold out the trading piece) and don't feel too bad if the stock breaks to the upside (since I still have my core position). Kinda like a reasonable compromise.

Whipsawing back and forth large positions in and out of stocks is not my style and I don't do it.

If 30 you might want to set at 29 7/8 next time. These round numbers are generally points where orders to buy or sell tend to congregate.

Shane.
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