Re: [CANSLIM] Profit taking... TIVO

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Profit taking... TIVO
Date: Mon, 7 Jul 2003 18:47:31 -0700 (PDT)

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Dave,

That's the wonderful thing about stock.  You lose, you
feel doubtful.  And if you win (profit), you still
feel doubtful (possible future profit). 
:)

Congrats.

tomas

- --- Bob Johnson <starcast82@yahoo.com> wrote:
> 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
> 
> 
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