Go to Jeff Salisbury LWGate Home Page.From: "Pete" <peten123@nc.rr.com>
Subject: Re: [CANSLIM] Big Gain vs Many little gains?
Date: Sun, 27 Jul 2003 16:23:37 -0400
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MessageSure, he'd buy a stock breaking out and sell when the profit was =
20% sell and buy another stock breaking out. This worked great in =
1999/2000, in 1999 basically treaded water and then when things started =
moving take profits and buy next stock. As you can guess this worked =
great until April, up 200% but with no stops I ended up losing 75% of my =
profits and which point I told him to sell over his objections. Before =
this I was married to the buy the next big stock mantra now I beleive =
you have to take profits a bit sooner.
----- Original Message -----=20
From: Gene Ricci=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 27, 2003 4:01 PM
Subject: Re: [CANSLIM] Big Gain vs Many little gains?
Hi Peter, are you at liberty to discuss the details of your former =
broker's technique for taking 20% gains?
Thanks,
Gene
----- Original Message -----=20
From: Pete=20
To: canslim@lists.xmission.com=20
Sent: Sunday, July 27, 2003 10:47 AM
Subject: [CANSLIM] Big Gain vs Many little gains?
I'm constantly struggling with the issue of holding on hoping I have =
the next CSCO/MSFT/AMZN vs taking a lot of gains in the 20%-50% area. I =
had a broker that made me a lot of money taking 20% gains in 2000 vs =
holding on. My post analysis showed that only one or two stocks would =
have done better but holding on got me into new opportunities instead of =
waiting for a loss or a slightly better gain. I'd like to hear some =
other experiences. I get the impression IBD will sell these stocks at =
the top and buy them back if they breakout again.
Peter
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<HTML><HEAD><TITLE>Message</TITLE>
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<DIV><FONT face=3DArial size=3D2>Sure, he'd buy a stock breaking out and =
sell when=20
the profit was 20% sell and buy another stock breaking out. This =
worked=20
great in 1999/2000, in 1999 basically treaded water and then when things =
started=20
moving take profits and buy next stock. As you can guess this =
worked great=20
until April, up 200% but with no stops I ended up losing 75% of my =
profits and=20
which point I told him to sell over his objections. Before this I =
was=20
married to the buy the next big stock mantra now I beleive you have to =
take=20
profits a bit sooner.</FONT></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dgenr@swbell.net href=3D"mailto:genr@swbell.net">Gene =
Ricci</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, July 27, 2003 =
4:01 PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Big Gain =
vs Many=20
little gains?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3D"Comic Sans MS">Hi Peter, are you at liberty to =
discuss the=20
details of your former broker's technique for taking 20%=20
gains?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=3D"Comic Sans MS">Thanks,</FONT></DIV>
<DIV><FONT face=3D"Comic Sans MS">Gene</FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dpeten123@nc.rr.com =
href=3D"mailto:peten123@nc.rr.com">Pete</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, July 27, 2003 =
10:47=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Big Gain =
vs Many=20
little gains?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>I'm constantly struggling with the =
issue of=20
holding on hoping I have the next CSCO/MSFT/AMZN vs taking a lot of =
gains in=20
the 20%-50% area. I had a broker that made me a lot of money =
taking=20
20% gains in 2000 vs holding on. My post analysis showed that =
only one=20
or two stocks would have done better but holding on got me into new=20
opportunities instead of waiting for a loss or a slightly better =
gain. =20
I'd like to hear some other experiences. I get the =
impression=20
IBD will sell these stocks at the top and buy them back if they =
breakout=20
again.</FONT></DIV>
<DIV><FONT face=3DArial=20
size=3D2>Peter</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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