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

To: im a survivor who wrote (11760)	11/5/2000 11:53:51 AM
From: Percival 917	Read Replies (1) \| Respond to of 65232

Morning Keith, I am not trying to say when it is appropriate to sell a stock, (my crystal ball has been on the fritz lately.<g>) but hindsight being 20/20 always, ANY stock that runs up like QCOM did has to be overextended at "some" point. It is real easy now to look back and say that we should have gotten out after the 156 point jump. The trick is to be able to do it then, not later. We have other examples of stock doing this: RMBS after it's first run; CMRC did it also. I realize the tech sector as a whole had a phenomenal run in the last year, but some had gains way out of proportion. If you are fortunate to be in one of these, do you try to sit tight in a buy and hold mode? Or, do you finally look at them and say that at some point the downside risk is so much higher than the upside potential that the market is going to adjust it down accordingly? I personally would prefer not to ride large gains back down again, if I have the choice. Sorry, I just realized I got on the soapbox again. Later, Joel