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 : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: areokat who wrote (25363)	5/25/2000 2:46:00 PM
From: shamsaee	Read Replies (3) \| Respond to of 54805

Hi Tom I am not replying to your posts because of a couple of reasons.UF does not really want the topic discussed on the thread and I agree.I just made a simple observation on TA.In march,I was told by a TA specialist at prudential to go 50% cash,I brought it up on the thread and got grilled for it.Looking back now he was absolutely 100% correct so one can argue that LTBH in this case worked miserably. I now sit on a massive loss and can't forgive the stupidity of my actions.I believe one of the most famous phrases on wall street is "buy low sell High".I knew in my gut that the march run up was crazy and not valid from any angle you look at it.If one wants to argue about sound investing than sound investing says take your profit when investing turns into pure speculation. I also do not accept blanket dismissal of TA because parties that are dismissing it have no knowledge of it.I think it is imperative to study various methodologies about investing and once you understand them,then make up your own mind.A friend at Goldman Sachs who is a VP said something very profound to me back in december"investing in secular Bull Markets is easy,If you plan to be in this market long term study everything about the market and use what works for you". You might look at TA as daytrading tool,I would like to use it as a indicator of events that are on a more medium to long term horizon. The argument against selling is that you loose the potential of further stock appreciation.Does any one want to discuss the argument also when you watch your portfolio get cut in half.Couple of 50% shaves can set you back many years and nullify many good years of returns.I prefer to preserve my capital and gains rather than worry about am I selling too early and can I squeeze another 20 points out of it.Greed is a terrible thing and if selling when you are up 200% on a stock breaks the LTBH rules,so be it. Taking profit on a stock is not heresy,because after all we are all doing this to be able to have financial security.A let it Ride approach is just like gambling when you get to obseen valuations. Lat but not least,the GG is a 1 year old approach and had great returns mainly due to the best year ever in stock market history.Time will tell and one has to keep an open mind. Best regards and Feeling the same pain. Shahram

To: areokat who wrote (25363)	5/25/2000 3:33:00 PM
From: areokat	Respond to of 54805

OT Stan Ignore this post. Obviously I cann't read names. "From: Snasraway Saturday, Jul 31, 1999 9:46 AM ET Respond to Post # 4418 of 25364 " Tom : shamsaee is not snaraway, repeat 100 times. Market reversals do this to me.

To: areokat who wrote (25363)	5/25/2000 8:09:00 PM
From: Apollo	Read Replies (1) \| Respond to of 54805

OT...... Post on how much cash to hold; question to DlphcOracl Tom: Thanx for replaying that post from last July. I enjoyed reading it. That Stan guy sounds almost intelligent in that one. But knowing this Stan fella as well as I do, I know that post was more front than substance. <g> Actually, as I vaguely recall, that and other posts did explore several issues: 1. Whether to use stop losses, and 2. How much cash is the right amount; as compared to staying "fully invested". I continue to not employ stop losses on those companies with which I am very comfortable, and playing LTB&H.......which is everything I own. I continue, last year and now, to struggle with how much cash is the "right" amount. In the sequential Thread Surveys, Cash % increased, and the majority have some cash position. I remain fully invested, but now thinking about having 5% cash at the ready. Staying fully invested paid off well last year, but not this one. So I don't frankly know what is "right". Thanx for the memories, stan