Go to Jeff Salisbury LWGate Home Page.From: Bob Johnson <starcast82@yahoo.com>
Subject: Re: [CANSLIM] Profit taking... TIVO
Date: Mon, 7 Jul 2003 17:36:55 -0700 (PDT)
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- --0-78670549-1057624615=:73464 Content-Type: text/plain; charset=us-ascii I have to agree with what is being said. 1. You had a Plan 2. You Stuck to it 3. You did the right thing. You were wondering about future profits. If you have sell rules I'm sure you have buy rules. If it meets your buy rules re-invest if you want. I'm glad I joined this group sounds like a lot of intelligent investors here willing to help out. Ann Hollingworth <annholly@attbi.com> wrote: Congratulations, Dave! For me, selling is the hardest part of applying CANSLIM principles. - ----- Original Message ----- From: Dave Stem To: canslim@lists.xmission.com Sent: Monday, July 07, 2003 1:01 PM Subject: Re: [CANSLIM] Profit taking... TIVO Sold half this morning for a 61% gain in a month. This is following David Ryan's sell rules. His interview in Market Wizards was amazingly specific. I also listened to him and WON in a tape IBD sells. The rest of the position I will have a wait and see attitude regarding how it forms its next base, etc. It's just strange how one can feel meloncholy taking such a large profit in a month. Katherine mentioned something about my profit objective. And this stock really makes me think about that. I think my profit object is always to make an infinite about of $ on every trade. Which is not bad if you are Warren Buffet and truly understand macroeconomics. But if you are committed to trading chart patterns and turning paper profits into real money, that doesn't work so well. Ann Hollingworth <annholly@attbi.com> wrote: Hi, Dave, Welcome to the group. I don't post much, but identified with your attachment to TIVO. I had/have a similar attachment to GRMN. I have been in and out of the stock a couple of times since last fall, but most recently was up 70% in a few months. Because I "loved" the stock and wasn't using Sell Rules, I watched the stock drop (on heavy volume, which should have been a Sell Signal for me), and ended up selling at a 39% profit. Study WON's Sell Rules and try to be disciplined in your decision making. Follow the chart (reality) with your head, rather than your heart. Ann - ----- Original Message ----- From: Dave Stem To: canslim@lists.xmission.com Sent: Monday, July 07, 2003 12:12 AM Subject: [CANSLIM] Profit taking... TIVO Hi all... I'm new to the group and also in Santa Monica... here's a question re: profit taking directed at Katherine and other experienced investors... that is, those who've actually had profits LOL... I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on a 50+% profit in a month. Yes, it's due for a short term correction, but I love the product and sales are doing very well. According to David Ryan (WON's disciple from Market Wizards) I should take 30-50% off the table, with plans to reinvest on any correctly forming base if I still like the stock. Or I could simply place a stop under the recent support which is very strong and clear at 9.25. I have such an attachment emotionally to this stock. I know it's wrong. But the rapid success is clouding my judgement. The same with AMHC. I'm used to selling at a loss, but find it hard to take a profit. Crazy. Any words of wisdom from the vets? Dave in Santa Monica - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --------------------------------- Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! - --0-78670549-1057624615=:73464 Content-Type: text/html; charset=us-ascii <DIV>I have to agree with what is being said.</DIV> <DIV> </DIV> <DIV>1. You had a Plan</DIV> <DIV>2. You Stuck to it</DIV> <DIV>3. <U>You did the right thing.</U></DIV> <DIV> </DIV> <DIV>You were wondering about future profits.</DIV> <DIV> </DIV> <DIV>If you have sell rules I'm sure you have buy rules.</DIV> <DIV> </DIV> <DIV>If it meets your buy rules re-invest if you want.</DIV> <DIV> </DIV> <DIV>I'm glad I joined this group sounds like a lot of intelligent investors here willing to help out. <BR><BR><B><I>Ann Hollingworth <annholly@attbi.com></I></B> wrote:</DIV> <DIV> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid; WIDTH: 100%"> <META content="MSHTML 6.00.2800.1170" name=GENERATOR> <DIV><FONT face="Bookman Old Style" size=2>Congratulations, Dave!</FONT></DIV> <DIV><FONT face="Bookman Old Style" size=2>For me, selling is the hardest part of applying CANSLIM principles.</FONT></DIV> <BLOCKQUOTE style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=canslimdave2003@yahoo.com href="mailto:canslimdave2003@yahoo.com">Dave Stem</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, July 07, 2003 1:01 PM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Profit taking... TIVO</DIV> <DIV><BR></DIV> <DIV>Sold half this morning for a 61% gain in a month. This is following David Ryan's sell rules. His interview in Market Wizards was amazingly specific. I also listened to him and WON in a tape IBD sells. The rest of the position I will have a wait and see attitude regarding how it forms its next base, etc. </DIV> <DIV> </DIV> <DIV>It's just strange how one can feel meloncholy taking such a large profit in a month. Katherine mentioned something about my profit objective. And this stock really makes me think about that. I think my profit object is always to make an infinite about of $ on every trade. Which is not bad if you are Warren Buffet and truly understand macroeconomics. But if you are committed to trading chart patterns and turning paper profits into real money, that doesn't work so well.</DIV> <DIV> </DIV> <DIV> </DIV> <DIV> </DIV> <DIV><B><I>Ann Hollingworth <annholly@attbi.com></I></B> wrote:</DIV> <DIV> <BLOCKQUOTE style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #1010ff 2px solid; WIDTH: 100%"> <META content="MSHTML 6.00.2800.1170" name=GENERATOR> <STYLE></STYLE> <DIV><FONT face="Bookman Old Style" size=2>Hi, Dave,</FONT></DIV> <DIV><FONT face="Bookman Old Style" size=2></FONT> </DIV> <DIV><FONT face="Bookman Old Style" size=2>Welcome to the group. I don't post much, but identified with your attachment to TIVO. I had/have a similar attachment to GRMN.</FONT></DIV> <DIV><FONT face="Bookman Old Style" size=2></FONT> </DIV> <DIV><FONT face="Bookman Old Style" size=2>I have been in and out of the stock a couple of times since last fall, but most recently was up 70% in a few months. Because I "loved" the stock and wasn't using Sell Rules, I watched the stock drop (on heavy volume, which should have been a Sell Signal for me), and ended up selling at a 39% profit.</FONT></DIV> <DIV><FONT face="Bookman Old Style" size=2></FONT> </DIV> <DIV><FONT face="Bookman Old Style" size=2>Study WON's Sell Rules and try to be disciplined in your decision making. Follow the chart (reality) with your head, rather than your heart.</FONT></DIV> <DIV><FONT face="Bookman Old Style" size=2></FONT> </DIV> <DIV><FONT face="Bookman Old Style" size=2>Ann</FONT></DIV> <DIV><FONT face="Bookman Old Style" size=2></FONT> </DIV> <BLOCKQUOTE style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV> <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> <A title=canslimdave2003@yahoo.com href="mailto:canslimdave2003@yahoo.com">Dave Stem</A> </DIV> <DIV style="FONT: 10pt arial"><B>To:</B> <A title=canslim@lists.xmission.com href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A> </DIV> <DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, July 07, 2003 12:12 AM</DIV> <DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Profit taking... TIVO</DIV> <DIV><BR></DIV> <P>Hi all... I'm new to the group and also in Santa Monica... here's a question re: profit taking directed at Katherine and other experienced investors... that is, those who've actually had profits LOL... </P> <P>I bought TIVO on the 6/2/03 breakout (8.58/share) and am sitting on a 50+% profit in a month. Yes, it's due for a short term correction, but I love the product and sales are doing very well. According to David Ryan (WON's disciple from Market Wizards) I should take 30-50% off the table, with plans to reinvest on any correctly forming base if I still like the stock. Or I could simply place a stop under the recent support which is very strong and clear at 9.25.</P> <P>I have such an attachment emotionally to this stock. I know it's wrong. But the rapid success is clouding my judgement. The same with AMHC. I'm used to selling at a loss, but find it hard to take a profit. Crazy. Any words of wisdom from the vets?</P> <P>Dave in Santa Monica</P> <P> <HR SIZE=1> Do you Yahoo!?<BR><A href="http://pa.yahoo.com/*http://rd.yahoo.com/evt=1207/*http://promo.yahoo.com/sbc/">SBC Yahoo! DSL</A> - Now only $29.95 per month!</BLOCKQUOTE></BLOCKQUOTE></DIV> <P> <HR SIZE=1> Do you Yahoo!?<BR><A href="http://pa.yahoo.com/*http://rd.yahoo.com/evt=1207/*http://promo.yahoo.com/sbc/">SBC Yahoo! DSL</A> - Now only $29.95 per month!</BLOCKQUOTE></BLOCKQUOTE></DIV><p><hr SIZE=1> Do you Yahoo!?<br> <a href="http://pa.yahoo.com/*http://rd.yahoo.com/evt=1207/*http://promo.yahoo.com/sbc/">SBC Yahoo! DSL</a> - Now only $29.95 per month! - --0-78670549-1057624615=:73464-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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