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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: prophet_often who wrote (17999)	1/5/2000 8:23:00 PM
From: Paullie	Read Replies (5) \| Respond to of 57584

Prophet ... In this past year, I have learned a lot from Rande, and I think you have to remember a few things - * If you have stock in LPTHA as a long term hold, then trading extra shares is OK, but don't trade your core holding. * If your reason for investing in LPTHA was a momentum trade, or any other type of short term trade, then selling half and keeping half would be the prudent thing to do! **** The key is to remember why you bought the company, what your plan was, and then to execute your plan! For example, if you invested for short term and are now considering holding all shares for an extra few points, that is called greed and changing your trading plan - usually you will lose with this option. On the other hand, if you like the COMPANY and the STOCK so much and wish to make this your core holding, then be prepared for a drop and PLAN to not sell at that drop - plan to not sell for at least a year unless there is a major change in LPTHA game plan. I hope this helps. Someone once said on this thread that to trade well you must first know yourself - I learned this the hard way - Others do not have to learn the hard way. Plan your trades, Trade your Plans. Have core holdings and short term holdings and know which are which! Hope you can do something with this info! Paullie

To: prophet_often who wrote (17999)	1/5/2000 10:22:00 PM
From: Rande Is	Respond to of 57584

Prophet: "Now I know how greed feels." LPTHA, could use some advice here. At today's close of 20 7/8, its a double for me. Now, do I sell 1/2 and keep the other 1/2 free? I really WANT to do that, but a little voice in my head keeps saying "LPTHA=lottery ticket". LOL! I wish I could solve your problem. . .but you are on your own on this one. Congrats on the double. Do you feel lucky? <g> Speaking of greed. . . Have you guys seen the TV show called "Greed" on Fox TV? It is a game show series that airs nightly. Your team answers questions in hopes of moving up the money ladder. . . but your team mates want your money and will challenge you for it. . . and once you have that cash in your hand. . . the show tempts you to continue. . double or nothing. It is EXACTLY the emotion that we go through every day. If someone you know wants to know what it is like to trade the markets, tell them to watch that show. . .tons of parallels. Anyway, buying the dips and selling the peaks would have made you double a long time ago. . .and from this level that is a good way to play. . . . it also provides liquidity for the rest of those in the stock. This will always be the answer I give in such situations. . . unless the company is scammy. Best wishes, Rande Is

To: prophet_often who wrote (17999)	1/5/2000 11:39:00 PM
From: BANCHEE	Respond to of 57584

Prophet often I have to ask you one thing and that is do you have a core of LPTHA......If not I would keep the free shares as a core. Take profit on the 1/2 of the shares you have a double in and hold the other 1/2 for possible short term run in the next day or so depending on market conditions...... Remember what I said the other day about your first gut feeling. I find that my first is usually right and my second is usually too late...you never go broke taking a profit..as Randy says... No matter what you do, I would keep the core... Banchee