Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Aegis_61 who wrote (8410)	5/11/1999 11:58:00 AM
From: Mama Bear	Read Replies (2) of 18998

Aegis, it's 20/40/50. I take profits automatically if I get 20% in a day, 40% in a week, or 50% in less than a month. I have found that I make more money by being less greedy, and these levels are good spots for bounces. Take a look at the ZONA chart for the last 3 days. It opened down 50% yesterday, and has not traded lower since. Of course sometimes this causes me to leave some profits on the table, but more often than not I get a chance to recycle the short. Oh, BTW, it's mostly a rule for short sales. I usually don't have a problem with profits on my longs. <g> Barb

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