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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Bob V who wrote (15789)2/14/2003 9:12:19 AM
From: im a survivor  Read Replies (1) | Respond to of 16631
 
<<Anyone else have any indicators or rules they use to get out of a bad trade.

>>

Yea, when a stock goes from $200 to .20, that tells me it is time to sell <ggg>



To: Bob V who wrote (15789)2/14/2003 10:00:20 AM
From: Bruce A. Brotnov  Read Replies (2) | Respond to of 16631
 
Bob, I sold my FWHT a few days ago that I had been holding for a few months and trading off and on from 4 area for more than a year. The reason I sold was the weakening chart and more for the fact the next 2 quarters of earnings will be pretty flat. Secondly with OVER having difficulty with the competition, they will continue to press the court to give them money from FWHT - pending litigation. Over 7 seemed to be close to fair value with estimates of .10 for each of the next 2 quarters.

MSN has pulled back with the market and has strong fundies in front of them so I continue to hold them, although I may trim some profits as I bought them around $3 the last time.

For selling I use a combination of chart (breaking of supports, trenlines, etc), fundamentals, market trend (M), earnings picture and usually end up holding too long by the time I have checked all of the above. LOL

Check out TENT earnings today of .35 vs .30 for the street. This is a Poormans model stock in 2003 so far and had a PE of 7 going into today's release. To bad the street doesn't know they exist as they have low volume.

Bruce