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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.95

+0.3%

Dec 1 3:59 PM EST

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To: fedhead who wrote (56040)	5/7/1999 9:46:00 PM
From: Olu Emuleomo	Read Replies (1) of 164684

>>>What do you do if you have a huge profit and the stock keeps coming down. At what point would you take profits ? <<< Its a bit more difficult. On the way down, you have to set a stop, so that you wont procastinate when it comes time to sell. If you have a big gain, *you should sell at least 1/2 anytime* you feel uncomfortable*. Also, you should never* let a big gain turn into a loss. (easier said than done!!!) But on the way up, I usually study the stock to see if the current price is way above its normal range wrt its 50day EMA (or its 20day EMA if its an internet stock) If a stock is usually within say 15% above its 50day EMA, then I start to take profits when it rises to say 20% above its 50day EMA. The main thing is to sell on the way up and never sell everything in one trade. I usually like to sell in 3 trades. --Olu E.

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