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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (20366)	3/16/2000 10:50:00 PM
From: D.B. Cooper	Read Replies (4) \| Respond to of 54805

Kumar Rangan Maybe sell 10% if a stock goes up 10% in 10 days. I read somewhere that some mutual funds do this. I agree that the sell point is the hardest part. I am becoming more and more a believer in just holding the stock . Good Luck Don

To: kumar who wrote (20366)	3/17/2000 12:36:00 AM
From: DownSouth	Read Replies (1) \| Respond to of 54805

Kumar! Have you RTFRM? (Relax, folks. I know Kumar from the other thread.) Your question speaks volumes. While you are in curmudgeon jail, read the manual!

To: kumar who wrote (20366)	3/17/2000 1:50:00 AM
From: mtnlady	Read Replies (1) \| Respond to of 54805

"when to sell?" Well here is my method. First, I rarely sell my entire position unless I hold that stock solely for trading purposes. I normally sell a portion of the stock and retain my core holdings. This method will change now because of tax issues (see below). Second, I chart my stocks. I know, historically, what basically to expect from each e.g. buy Siebel when it touches on 'x' moving average and don't touch it until it has run to at least 'y' above it's 40 day moving average. I always buy and sell a little at a time (100 share increments) and stair step it up or down. Another words I don't pick one number and sell it all. I will start my sell orders at slightly below what I feel is historically the 'top' or near the top of what I can expect for a stock. Sometimes stocks run on you (a lot lately) and you hate to sell it all too low. Third, I am a firm believer in knowing your stocks well - i.e. I keep up daily on all of my holdings. I know of any news that is coming out or has that will affect it. Many times I have held off on selling into a run because I knew several key pieces of information that would drive the stock up further had yet to be announced. Know your stocks well. For this reason I don't like to hold more than 8-12 stocks and I only follow 4-5 in great detail. Fourth.. taxes... Methods 1-3 have worked so well for me (too well?) that I am now faced with 6 figure tax bills every quarter. Ouch.. Too many ST gains. So I'm toying with my 'sell' strategy a bit now. I've gone back to just holding, and not selling, a core group of stocks until I get all of them into the LT capital gain category. Until then I am only selling my trading stocks. And yes.. I used to just buy and hold. But that was when my portfolio was much smaller than it is now and I was building it up. Now that my portfolio is much larger I feel the need to 'lock in' my gains more often.. plus.. I have to admit.. it's more fun to buy and sell. Strategies for me now are going to revolve more and more around tax issues. We've set up a charity and I may move a substantial portion of my portfolio into that keeping just the 'core' position for us. I don't know yet. I need to talk to several 'experts' on the issue and find out all the ins and outs/pros and cons to this idea. I hope this has helped.. Better yet.. forget the whole strategy and do what my other half does. Just sell it when you've made some money! <g>

To: kumar who wrote (20366)	3/17/2000 2:16:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> MHO, its a lot easier to time a "buy", than to time a "sell"... anyone got some 'practical rules-of-thumb' on this ? I presume you're asking this in a Gorilla gaming context. If so it's a trick question. Buy the Gorilla and hold it until it is threatened by a discontinuous innovation. You should be able to see something like that coming months ahead of any real damage to your holdings. There is no reference to "locking in profits" in the fm. uf

To: kumar who wrote (20366)	3/17/2000 3:07:00 AM
From: Dinesh	Respond to of 54805

Kumar The best time to sell is when you have spotted a better place to put the proceeds. Otherwise, let the profits run. This should apply to both GG stocks, where the company fundamentals may have shifted, and a value play where the value has been re-established or demonstrated to be missing. For quick day-trades I have no clue, but I can't imagine you going broke by booking your profits ::-) Taxes should seldom be a consideration. This with the assumption that your income, and tax rate, will keep on climbing year after year <g> Well, with Bush and Clinton you don't even need higher income... Don't forget to take into account the value of your time. Regards Dinesh