Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: aliveinsf who wrote (57476)	8/25/1999 11:52:00 AM
From: BRANDYBGOOD	Respond to of 120523

I think the old version of SI just died! RIP, now I hafta change my bookmarks. Hrmmph, modern technology. :0)

To: aliveinsf who wrote (57476)	8/25/1999 11:59:00 AM
From: croonerjim	Read Replies (1) \| Respond to of 120523

Selling--I'm sure Jenna will respond when she can, but allow me to add my 2 cents. I have asked the same question and have read some good books on the subject and you are right, there is no clear answer. Some on this thread advocate taking partial profits on the way up and hanging on to your last 100 shares until there is a clear reversal. Some books say that is not a good idea, but instead you should set your target when you make the buy and take it when you get it regardless of momentum. Most books say if you get 20% take it--period. I, too, have missed big moves by not holding long enough. I have also held on too long. Personally, I use trailing stops on the full position and if I get stopped out, then I can always buy again on a reversal up. Hope this helps. Jim

To: aliveinsf who wrote (57476)	8/25/1999 12:26:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

Aliveinsf.. Coincidentally I was just working on that chapter in the Manual. The difference between stops in 'high-flyer's and regular stocks like ADIC. That was the day BRCD was up about 22 points.. On the intraday chart there were two occasions when the the stock dropped below the center line which was my line of 'sell' but I thought that for stocks that run 10 points a day I would lower my stop so as not to miss the next run up. I did not sell BRCD on that 'small drop' and it did recover. I have about 4 examples of that. There are also factors to consider like the inside bars and how close high low and close is (5 minute bar versus the 15 minute bar), range, and how much the volume is in each bar. If the volume drops off when the stock goes down its not as important as if the volume picks up. If it picks up on the downtick you might have a problem. It depends on how low it goes on the chart however. PHCM is the most complicated to read lately. and although EFNT was on the watch list I'm not that familiar with its price patterns. What I did with BRCD, EXDS is plot about 4 or 5 occasions of BRCD,EXDS when they were up on an intraday chart, and try to note how far it retreats before it 'rebounded'..and if there was a pattern. It worked best with the EXDS charts, but even BRCD was okay. EFNT I would probably take a profit, and certainly would not hold overnight. I got a little bite of NTOP but it was better than losing. NTOP could have bought every morning like PHCM with just about 60-70% of the profit which is better than nothing and holding overnight with the obvious fears of morning gap down. My longer term suggestion is read these books: Trader Vic-Methods of a Wall Street Master by Victor Sperandeo and Linda Bradford Raschke's book, Street Smarts.. I seem to have 'adopted' some of their methods but its too complicated for a post. For a little easier book or rather a primer before you read the others I'd read Jake Bernstein's The Compleat Day Day and/or Elder's Trading for a Living. I was told to read Jeff Cooper's book and I probably will.. I haven't gotten around to getting it yet.