Re: [CANSLIM] Big Gain vs Many little gains?

From: "Pritish Shah" <pshah@lason.com>
Subject: Re: [CANSLIM] Big Gain vs Many little gains?
Date: Mon, 28 Jul 2003 12:22:02 -0400

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So you still ended up making 50% profit (if you lost 75% of your profit -- =
which was 200%). Am I reading your email message correctly?

Pritish

>>> peten123@nc.rr.com 7/27/2003 4:23:37 PM >>>

Sure, 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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