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Non-Tech : West Marine WMAR -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (148)	5/11/1999 7:59:00 PM
From: Dale Stempson	Read Replies (1) \| Respond to of 400

>>> No telling how many shares were traded by mo-mo players. Any suggestions how to protect gains? <<< In addition to some good volume throughout the day, it appears there were a couple of significant blocks that traded near the close. Perhaps we'll see some carryover activity in the morning. I'm not certain where we're headed, but now that we've made it to $14, it looks like we have plenty of open water in front of us. Regarding protecting your gains: I would be in favor simply selling. Commission expenses are generally not a factor any more, but of course Uncle Sam will have to take his cut. One way or another, there are costs associated with any type of protection strategy. I'm more likely to consider insuring my gains when I'm trading for the short-term. I will often use stops, and will occasionally use options (if available). Longer-term, I'll commonly hold through the dips and sell when I see a stock I'm following with a better risk/reward ratio. As a side note, selling a winner often opens up the opportunity for me to get rid of one of my losers. It always feels good to dump a dog, especially when you can use the sale to avoid paying taxes. Regards - Dale