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.

Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Id who wrote (2045)	11/23/1998 8:06:00 AM
From: OldAIMGuy	Respond to of 4710

Hi Jeff, It's a difference in styles and looks to be almost opposite ratios, but Moon Bro has sold about 80% of his VTSS position and I've just sold about 14% of mine since maxing out on shares a couple of months ago. We've both taken some money off the table, but his model has been more like ST trading and my closer to the Buy&Hold camp. We're both in the middle ground between the two extremes, but as you can see, there's lots of room in between. My model keeps the value at risk in the market almost constant after I start selling. Example: If I have$10,000 at risk at the point of my first SALE, then if the price doubles, I'd sell half the position to return the # of dollars at risk to about $10,000 again. I use the sales as a cash cow, while maintaining almost constant dollars at risk. I'm still high on VTSS and will use my solid cash reserve (about 31% of the portfolio's value) to buy more shares if the price/share takes a breather. Best regards, Tom