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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (3796)	12/16/1999 10:57:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 11568

Zpositions - Sue, Dan, i almost always own stocks that i sponsor. Since my style is more short to intermediate term hold, i try and pick stocks that have good potential and i am comfortable holding for a while, be it 2 days or 2 months. Of my Z positions right now, i own all but CELL, which i did own at the time of Zpurchase, but sold personal and kept the Z. I did that because i felt there is significant potential in CELL, but chose to take my profits quickly and move on. While i think its best that sponsors also own the positions, i don't think that should be a requirement. most of us zip around like crazy, probably too much, and the z is best viewed as a short term trading portfolio, not a daytrading one. these are my 2 cents. larry

To: Susan Saline who wrote (3796)	12/17/1999 8:12:00 AM
From: DanZ	Read Replies (1) \| Respond to of 11568

<Then what the heck! Why not share it!> I can't think of a time that I didn't share the new stock. The only difference is that sometimes I don't sell the other stock in the Z portfolio because I still like it and the Z Portfolio doesn't need the cash. Sometimes I sell half of my personal position to make room for something that I want to trade. Should I sell half of the Z's position too? Since the stocks in my personal account don't exactly match every stock in the Z Portfolio, and my equity doesn't exactly match the equity in the Z Portfolio, the decisions that I make when prioritizing my personal equity, existing positions, and new ideas won't match what I would recommend in the Z Portfolio. <because it is NOT in a personal portfolio one would tend to forget about a stock.> I can see how one might forget about a stock that isn't in their personal account, but that isn't the case with the stocks that I'm sponsoring in the Z account. I have a heading on my quote screen that is labeled "Z Portfolio", and under it are all the stocks that I'm sponsoring. I monitor them throughout the day, sometimes even day trading them, and I review the charts after the close. Specifically regarding PIR, I don't think it is a sell. In fact, I would buy the stock at 6. The stock is not trading below its lower bollinger band. It traded below it briefly a few days ago, but has traded back inside the bands for the last five days. This could be signaling a consolidation in a short term down trend, or it could be the beginning of a base. If the former occurs and the stock breaks 5 7/8, I would consider taking the loss. If the latter occurs, then the stock will likely test 7 again. Since it is trading closer to support than resistance, I wouldn't sell it. If however, we needed the money to buy something that had a better chart, then I would sell it. It really comes down to prioritizing one's capital. I don't have any reason to sell PIR in the Z account because the stock is holding above support and we don't need the cash. This is why my personal positions don't always match what I'm sponsoring in the Z account, and I assume that everybody prioritizes their funds in a similar manner. I also think that there is a middle ground between buy and sell. To me, hold means that I wouldn't buy the stock at the current price, but if I owned it I wouldn't sell it.