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Strategies & Market Trends : Rande Is . . . HOME

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To: darline cook who wrote (6203)	5/3/1999 4:52:00 PM
From: Vegas	Read Replies (1) of 57584

I so hold 1000 shares which is a lot for me so i am very confused am i supposed to sell them or keep them???? Darline you should always set your own entry and exit points. I would recommend you do some research on basic chart reading. It is not that difficult and once you learning you will see things in a whole different light. For instance the BDE chart tells me its bottom is $2.50 and rising fast (maybe 1 to 2% every day) and the top is at 4 1/4 or 4 3/8 (hard to tell as my chart only shows a tick every 1/2) From this info I would place a buy anywhere under $3 and my sell at $4 3/8. This will be accurate 8 or 9 times out of 10. 2 out of 10 times the stock could act differently by going much higher or much lower or staying flat and not attaining the buy or sell level. So that is where build a position comes in. We would not want to be out of the stock completly on that chance the chart may not anticpate some really good news and the stock runs to $10. At the same time I want to makje some extra $$$ so I can buy more if it goes back to $3. So we sell 50% or 75% or whatever amount of stock to get some profit from this ride into the $4's and then buy back in the $3's. You say you have 1000 shares so assuming you bought around $3.50 you could sell at tomorrow's open for $4 3/8 you would only have to sell 800 shares to make back your money. That leaves you with 200 FREE shares in case this thing rockets. I am comfortable with my sell today at 4 3/8, even as Rande said he was selling at $4 I though about changing my own strategy but in the end I stayed on course. I now have some free shares to work with if this thing really expodes but I will not be out a lot of $$$ if it goes back to $3. Hope this helps JF

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