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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Ex-INTCfan who wrote (1196)	9/14/2000 4:24:59 PM
From: freeus	Respond to of 65232

re not losing our next million... Stop losses are too dangerous (look at the big Emulux hoax day) but I think mental stop losses are worthwhile. And they should probably be written down. After a big gain in a short time (say more than 50% in less than six weeks)I think I'll set a stop price in my head, and sell if the stock goes back to there. That way I'd still have part of the gain: if I still like the stock I can buy it back when it seems to have stopped falling. If it shoots to the moon, there is always another good stock to buy. I heard an announcer (stock broker who has a radio show) say "There are good companies and good stocks...but sometimes the good companies are NOT good stocks." So I think my goal is to make money, by owning good stocks, not to stagnate or lose money by holding good companies that are not also good stocks. Freeus