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Technology Stocks : Audio Book Club (KLB) Next big internet play? -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (69)	7/6/1998 4:07:00 PM
From: Jim Goodman	Respond to of 146

good ques., yes, sometimes, depending on the type of rise/drop, I do sell in pieces, esp. with huge, quick gainers...again, KLB was really rare, though easily predicted as a "PSYCLE sm" bottom in its chart formation, as I teach people how to find, in my materials....so, the "second sale higher" was just luck--- and, look at what it did today, to 17, amazing and rare.... I teach people to REMOVE all excitement needs/emotions/greed from the process, and I am not upset in the least, that KLB rose further....the gain I gave out, was plenty.... plus, there were/are a ton of traders who actually bought KLB at 8-12 the last time, right ? then many held, all the way down to 3 5/8 again....I wonder how many of them, sold near the lows, on emotional distress....last, many people who ARE emotional/greedy (not you or me), also often normally give it all back at some point, right ? the key, is the timing of the buy, then the stop-losses when/if wrong, and diversifying properly, then selling INTO unusual strength.... if I can help you further, or anyone else here, please let me know, best wishes, thanks,