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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Justa Werkenstiff who wrote (725)9/4/1998 9:32:00 PM
From: Investor2  Read Replies (2) | Respond to of 15132
 
Very good questions.

How about this one: Since the previous benchmark of 8360 seemed to hold for a while, it gave the indication that it was a fairly strong support level. Now that the support level has been broken, will it be a strong and difficult to penetrate resistance level?

RE: "Has he received an intermediate sell signal in the past week?"

What is an "intermediate sell signal?"

Best wishes,

I2



To: Justa Werkenstiff who wrote (725)9/5/1998 2:20:00 AM
From: Kirk ©  Read Replies (1) | Respond to of 15132
 

** My questions for Bob **

1. Tax loss selling strategy. I have a stock with some shares purchased at $28 over 1 yr ago plus shares bought all the way down to $19 for my last purchase. The stock is now sitting at $16 and could go much lower. I like the long term prospects but wonder if I should do some tax loss selling before others do at yr end and then buy back on the tax loss selling dip? Maybe buy one of 40 other stocks in the sector with better valuations due to their lacking the Brinker Effect and ride them up until it is time to switch back to "the wonder stock"? Having one of the other stocks keeps me in the sector in case the fundamentals recover and the stocks roar back?

2. Why am I hearing about this idea from someone like me rather than in a newsletter?

BTW, I have already started this strategy with buying a more beat up company.

regards
Kirk out