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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: jammin' salmon who wrote (40138)	11/2/2000 2:33:13 PM
From: Rande Is	Read Replies (2) \| Respond to of 57584

Salm, like I said. . . I sell cores in the Spring and buy them back [or change them] in the Autumn. The primary thing that would cause me to sell a core would be a fundamental change in the company or its management, which would affect my views. The whole idea of establishing a core position is to NOT TRADE IT!! That is what the position trades are for. If you were going to hold 1000 shares of WXYZ long-term. . .but felt it was about to make an important move, you could add another 1000 shares as a position trade. . .then when the move is complete, sell the position trade and sock away the profits back into your core. . .allowing you to add perhaps 100 or 200 more shares. Now of course all of this is in a perfect world. When a stock or sector drops from "favor", it may be necessary to rotate from one long-term core into another. That I will do. The 50 stocks per long-term tech port is to stretch out or limit the risk. This method works! Especially in the wicked volatility of year 2000. I am presently holding 76 different tech stocks in a single portfolio. . . which is up 6.0% on the day. . .with the Nasdaq composite up just under 2.5%. Biggest winners are HLIT up 19% and LBRT up 16%. . . biggest losers are WAVO down 16% and PLC down 12%. . .[both penny stocks of which I probably should have dumped at some point along the way.] Hope that helps some. Rande Is PS> Edit: now up 6.9% thanks to something or other. . .haven't figured out which of my swing trades are moving so sharply.