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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (6586)	4/5/1999 4:46:00 PM
From: Ken Ludwig	Read Replies (1) \| Respond to of 78659

Amen to that. I too need to do a better job of working the run-ups. Not doing so has cost me a bloody fortune in the last 2 years.

To: geoffrey Wren who wrote (6586)	4/5/1999 7:36:00 PM
From: Shane M	Read Replies (2) \| Respond to of 78659

Geoff, I have to disagree here. I find it's best to let my winners run. Granted, I do tend to invest in more growth oriented companies rather than value stocks, so perhaps different rules should apply depending on the stock. Here's my life lesson on letting winners run. Promise not to laugh <g>. I purchased Knight-Trimark (NITE) on Sept 1 at 7 1/2. At the time I felt it was worth about $14-$16. On Dec 7 I sold at $16 fairly happy with my trade. Here's what happened since then. quicken.excite.com Yes, my boss - who still holds the stock - occassionally reminds me of how wrong my sell decision was and counts up the lost dollars for me. Not quite a 10 bagger (yet), but almost. This one example is enough to encourage me to let winners run. These kind of investments can cover up a whole lot of mistakes in a portfolio. When a stock grows wings I'm going to try my best to let it fly. And when I take profits on big winners I want to try to leave half on the table. Again, this may only apply to growth stocks, but it was a powerful lesson to me. Shane

To: geoffrey Wren who wrote (6586)	4/8/1999 5:00:00 PM
From: Bob Rudd	Respond to of 78659

I'm selling the pop flies that jump 50% + in a short period. Often they back off and give you a re-entry point. Reasoning: Lot's of traders jump on momentum and exaggerate the move...when mo sags, they're out...that causes sag that provides re-entry. I did this with Fsacf and booked a 70% gain with re-entry near original cost and didn't do so with Miller industries..gave back 50% gains to sell at break-even on bad report. No hard and fast rule, just a guideline I'm following.