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 : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: jgideon who wrote (311)	12/4/1997 10:36:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

I thought about posting a comment here on why I seem to talk about shorts more than longs these days, figuring lurkers would get the hint. The way to avoid 50% losses is to set tight stops 10 - 20% below your entry price and stick with them. If I compiled all the stops I have hit this year and the subsequent stock performance, I would be ahead at least 80% of the time, if not more. Often those stops were to protect profits (wish I had done that on many more stocks than I did). When I looked at AVID I was concerned that the estimates for their next quarter are equal to their last blowout figures (if I remember correctly). I decided that missing one quarter would blow them out of the water. That's more risk than I'm willing to assume. So far I'm not down 50% in QNTM yet but there is still some time for tax-loss selling. I'm trying to watch QNTM for a good averaging-down point. That may be soon if this turnaround holds at 24. I'm open to suggestions. Do you follow CREAF at all? It should whipsaw back up sometime soon if it follows recent behavior. Thanks for your comments.