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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (38540)	10/19/2000 4:53:03 PM
From: Ian@SI	Read Replies (2) \| Respond to of 70976

Brian, Every time I think I've learned something, the market finds a new lesson to teach me. I'm moving toward a model in which I'll have a core position which overweights those sectors that I believe will outperform the market by a substantial margin. In addition, I add a "trading" position which I may hold for years or minutes. The trading position gets whittled down when my expectations for the company have been exceeded. It gets added to when my expectations for the company go up. e.g. - I bought MSFT Monday morning, went for a run, and was immediately disappointed to find it down another $2. Today, I'm in the black by more than $10/share. I'll sell on the first pullback after the stock exceeds $80/share. Otherwise, I'll hold it and wait. I'm still migrating to this strategy; I'm not totally convinced it will serve me better than buy and hold. But with all the time I spend monitoring this stuff, I may as well go for a few extra bucks. after all, somebody's got to add to the tax revenues of this nation. Ian.