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Politics : Ask Michael Burke

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To: Earlie who wrote (46212)	2/9/1999 8:01:00 AM
From: abraves	Read Replies (1) of 132070

I don't have a clear exit signal. But the more profits you have, the better chance you have of getting out. Would you rather be up 100% on your money and have to try and sell during bad times, or own the "Dogs of the Dow" (which only had what 11% profit for the whole year) and try and sell. During major corrections, if you have stocks that don't go down, it's because they were probably not making much money anyway IMHO. Oct 87 was almost 12 years ago, I am glad I did not set up my portfolio based on that crash because I would have missed out on huge profits. Look at last Oct. what were the last stocks to drop and the first ones to return to glory ?? Look at the market now, breadth has sucked for a while now, but what stocks keep going up ? The market now looks to me like it did last Oct. the bigs boys going up while the breadth sucks. correction coming.... If DELL had a bad quarter, I would sell the next day, and buy back later. I may lose 30 points trying to get out. But 30 points is only about 2 months profit. That IMO is a small price to pay for a year like last year. But I know it's risky. For me it has paid off big for my situation. Hope the way you play the market works out for your situation.

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