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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel? -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (18962)	11/6/2001 10:25:16 AM
From: tktom	Read Replies (1) \| Respond to of 20297

FWIW, Schulman has left CheckFree, and Joined Interland... I liked that guy, even though he was an Attorney..

To: AugustWest who wrote (18962)	11/6/2001 6:33:10 PM
From: jfoley	Respond to of 20297

BTW, what do you consider a respectable return for a stock on a yearly basis?" 10% 20%? 40% 100%? I'm really curious, and I think you owe it to me to answer some of my questions that you have thus far dodged." I don't owe anyone anything, but to answer your question, If I am making money in a down market that is damn good. It gets me ready for the next bull market. 10% return on a stock over the last year on a single stock would be good considering we are in a bear market. "How about lessons learned from your own experience? You never did tell me how long you have been trading. I think thatis important to know if you show up on a stock specific thread and shout out $3 or $5. To gain credibility, you need to back up your words." Well, giltf had more to go down after I covered. It went to $2! Everyone was claiming what a great deal they got at 10. Geez. "BTW, back to your charting request. If you are looking for something free, I will tell you you get what you pay for. If you do as well as you proclaim, why would you be looking for something free? I would assume you'd want quality over quantity." I have a bad memory. Did I make a request? "Finally ckfr may be going to $5, unless you already knew It may also be going to $50, unless you already knew that." I definately knew that. As I tell people who ask where a stock is going. It could do anything at any time. I feel there is more downside for ckfr, but if it goes up, I will go long. I am flexible so that I do not lose my capital. "How about lessons learned from your own experience? You never did tell me how long you have been trading. I think thatis important to know if you show up on a stock specific thread and shout out $3 or $5. To gain credibility, you need to back up your words." Ok, how about some back up on this? I don't think words alone could back either of our analysis up. "It may also be going to $50, unless you already knew that." "Myself, I'm learning every day. " I am learning too. I just take what I can get for returns. 8% here, 20% there, and I will increase position size as I become more comfortable. I daytraded in 97 and just broke even, so I stopped, but now I am trying some new things. I remain more of a swing trader for now. I can't imagine doing 30 trades a day. That is amazing. I only did 2 or 3 a day. I am curious to know if you recommend any books on it. To give you some background, I started in 1989 using Peter Lynch's book and found that he never gave a good explaination of when to sell. I now consider any author who does not give precise instructions on when to sell (like do not let a winning position turn into a losing one) to be very much like a criminal. If someone writes a book for beginning investors and does not tell them when to sell, that author is doing a lot of damage making people think they are going to make money. Because then they watch the stock go down and just like as happened to me, they sit there and watch half their money disappear. All the while thinking proudly "I'm a long-term investor, no worries here, I'm in this for 5-10 years at which time I may triple or make a 20 bagger out of this." Yes I doubled my money in the past based on this thinking and immediatley watched it go right back down, wondering what the hell...? No more. Swing trading and technical analysis works great for me although I will always be open to variations and changes.