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Technology Stocks : MSGI Marketing Services Group Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Kurt_Ruckus who wrote (534)4/21/1999 7:45:00 PM
From: David in Ontario  Respond to of 3418
 
Kurt - next time a stock you hold runs up 1,600% - please give some consideration to taking a profit :))

I'm still cursing myself for not do the same @ $50+ (in @ $17). The chart up to then did not suggest that MSGI retraced that much after a run up and I was looking for this trend to continue - it didn't.

Many stocks that have 3-4 very strong days just don't keep going - and profit taking is always a factor and a part of the dynamics of many stocks like MSGI.

The way I plan to 'work the stock' as it moves forward is to sell say 50% of my holding during the next run - wait for the retracement - then buy back in.

If all goes to plan then I'll have to file with the SEC and declare myself an Insider within a few years :)))

Well that's the plan - and we all need a plan.

David :)