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To: Thomas M. Carroll who wrote (2941)	1/20/1998 5:04:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

Wow! So I borrow at 19%, buy some 10 stocks, put the stop/loss order and sit back? Since they are likely to be shoot-in-the-dark type gambles, here's what's very likely to happen to them -- 4 of them are sold for a profit, 4 of them are sold at a loss, and 2 of them go nowhere... So at end of it all, I am in debt, paying interest @ 19%, with no profit from my investments, and now hold 2 stocks that I know little or nothing about. Great! Just great! ;-) Dipy.

To: Thomas M. Carroll who wrote (2941)	1/20/1998 5:35:00 PM
From: Kirk ©	Respond to of 42834

On a stock under $20, say between 10 and 15 percent. Over $20, maybe a little less. It's arbitrary Sounds like what I see when I visit Las Vegas. For long term purchases, I use fundamentals ONLY. Whatever the stock I own is valued at on a given day I ask myself "do I want to own this stock at this price?" Unless fundamentals change (or I get new info), I answer yes and I seldom take a loss though I've riden stocks down over 50% (for example: IBM...$50 to $75 to $21... buying some on the way down then when I saw a turn a round, I doubled up...and have riden it all the way to over $100) I'm now doing the same with UTEK. Why should I sell something that I like just because the present owner decides to have a "going out of business" or "garage" sale and doesn't realize what he owns? For traders......whole different ballgame... regards Kirk out suite101.com suite101.com