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To: Frank who wrote (74949)9/28/2000 10:34:24 AM
From: Wowzer  Respond to of 95453
 
Hi Frank,

I agree knowing when to sell is the hardest, but I go by a general rule that for the most part works pretty well for me. Unless you bought WG as long term hold, I would take at least half of the profits if not all on a dollar pop on a $6 stock, especially if you already own a core position. Always take a gimmie, and if it runs away you still own the other half or your original position. But anytime a stock moves 10 to 20% on no news from where you bought, take some profits...

That said I mostly trade in my IRA account, so taxes don't play a role.

Good Luck,

Rory



To: Frank who wrote (74949)9/28/2000 11:01:06 AM
From: seminole  Respond to of 95453
 
<<<anyone can buy, the real talent is knowing when to sell>>

If you know exactly why you bought, you will know when to sell. If you bought because revenues or profits are increasing, you sell when the growth rate slows. If you
bought because an interesting product is being developed, you sell when it comes to market. If you bought because they are the leader of their industry or in a good market, you sell when they fall from the top. ETC, IMO. Ride your winners. You can't go from $4 to $40 if you sell just because you hit $5.