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Non-Tech : How to Sell Stocks -- Ignore unavailable to you. Want to Upgrade?

To: VIXandMore who wrote (11)	5/31/2004 1:34:29 AM
From: VIXandMore	Respond to of 12

Buying Is a Snap. Knowing When to Sell Is Tough. nytimes.com (requires free registration) Provocative NY Times article from today's paper Make sure to click on "Chart: When to Sell" on p. 2 The bottom line is that in a Journal of Portfolio Management study of fund managers employing consistent sell rules during the bear market of 4/00 - 12/02, portfolio managers using various sell strategies performed as follows: -make a judgement call when the company's health is deteriorating (45.9% of all portfolio managers used this strategy; they outperformed benchmark by 1.0%) -sell when the stock hits a certain valuation level (36.8% of all portfolio managers used this strategy; they outperformed benchmark by 5.5%) -sell when the stock hits a target price (13.9% of all portfolio managers used this strategy; they outperformed benchmark by 3.6%) -sell because of a better opportunity (2.3% of all portfolio managers used this strategy; they outperformed benchmark by 1.7%) -sell when the stock was down X% from purchase price (1.2% of all portfolio managers used this strategy; they outperformed benchmark by 2.1%)