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: Stoctrash who wrote (34258)	11/2/2000 9:58:17 PM
From: StockHawk	Read Replies (1) \| Respond to of 54805

....it's having a plan with target %'s or $$'s or whatever, BEFORE YOU GET THERE! Fred, you are making good arguments. And as you said there are no magic formulas. The biggest problem I see is deciding when a downturn is the beginning of a prolonged fall and when it is merely a dip. Take NTAP right now. As recently as April or May of this year shares could have been purchased for less than $50. A couple of weeks ago it broke $150, for a nice triple, but now it back down near $100. So we have a decline of nearly 33% from its very recent high. Would this be the time to sell half or a third? Or is this the time to buy more on a temporary pull-back. Would the decision change if the initial investment was made a little over a year ago, in which case a buy at $15 say, would have been a ten bagger recently but would be down to just a seven bagger now. On the one hand if you sell you preserve capital, perhaps you pay taxes, and you have a decision on where to reinvest the money (or use it to lease a penthouse, say). If it continues to fall, as it has for the past nine days, then selling was real smart. But if it continues up, as it has done all year (and that makes it rather unique) then selling might not look so smart in six months or a year or five years. No easy answers here, but good questions. StockHawk