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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ who wrote (678)	7/14/1999 9:04:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1316

<Do most traders here take profit when it hits above a certain percentage?> The difficulty in participating in this portfolio is that you can only pick one stock at a time. In my personal portfolio, I've kept all of the stocks that I've traded in and out of in this portfolio. A few of the participants have held onto their original positions. Jim C. has taken a ride into 200% territory by holding on. The best answer that I can offer is to have a target and a time span in mind when buying the stock. If it hits the target on the plus side ahead of schedule, re-evaluate the stock and make a decision. If the trade turns negative, then pull out. If the time alloted elapses and the target hasn't been reached, re-evaluate the stock. I don't have the same trading opinion on bb stocks, but I don't play bb stocks, so what do I know. On bb stocks, I would say that if it pops, it popped. Sergio

To: SusieQ who wrote (678)	7/14/1999 10:15:00 PM
From: Cary C	Read Replies (1) \| Respond to of 1316

>This is new to me, would appreciate any advice.< I believe in the philosophy that you can never go broke selling for a profit. Of course my problem is picking a stock and having it go in a positive direction before it goes in a negative direction. <g> A couple of thoughts, 1. If you get 100% + gain, sell half and play with your profits. This will assure you of a profit unless of course the stock goes to zero. 2. If you want to go for the homerun, set a stop loss far enough back to give you the opportunity to let it run. Some people have gotten very very wealthy letting stocks run, INTC MSFT CSCO DELL etc. Even if it falls back you make a nice profit. 3. Probably most important, do exactly the opposite of what I do and you will probably make a nice return. Cary

To: SusieQ who wrote (678)	7/15/1999 2:34:00 PM
From: FrozenZ	Read Replies (2) \| Respond to of 1316

Scouser: Thanks for the stats, I hope I didn't sound ungrateful before. SusieQ: I try to know the story behind the stock. From there I keep tabs on if they are doing what they said they would do, and especially the value and acceptance of their products. If their products do well so will the stock. So far probably my best trade/investment has probably been VTSS. If you look at their chart, I see no reason for their pattern not to continue because no one has a better cheaper product-- and if you want to know the truth just buying and holding it has outperformed all of my in and out trading. Also, while I'm on the subject. I try to cut my losers off and let my winners run.