Go to Jeff Salisbury LWGate Home Page.From: "Dave Bigham" <ndbigham@cox.net>
Subject: Re: [CANSLIM] Big Gain vs Many little gains?
Date: Wed, 30 Jul 2003 00:04:53 -0400
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This is a multi-part message in MIME format. - ------=_NextPart_000_002E_01C3562E.34215570 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Message ----- Original Message -----=20 From: Pete=20 To: canslim@lists.xmission.com=20 Sent: Sunday, July 27, 2003 11:47 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 Peter, While I don't know for sure that Bernard Baruch ever said it, I have = attributed it to him - I'll give the market the first and last twenty = percent as long as I can keep the sixty percent in the middle. This = falls well into the idea of cut your loses and let your profits ride. = When things go south, cut loose. Otherwise, stay cool. This seems to = be consistant with WON's ideas of sell rules. With today's discount = brokers, you could even have a graduated sell-off of a stock that's = falling. For example, sell 30% on a ten percent drop from a high. Sell = an additional 30% on a fifteen percent drop from the last high. Sell = the remaining 40% on a twenty percent drop from any subsequent or the = last high. Why do it this way? It frees up capital from non- or under-performing = stocks. This can then be used for newer, more exciting prospects. Good Hunting! Dave Bigham - ------=_NextPart_000_002E_01C3562E.34215570 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2726.2500" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial size=3D2></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=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>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, July 27, 2003 = 11:47=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 or=20 two stocks would have done better but holding on got me into new = opportunities=20 instead of waiting for a loss or a slightly better gain. I'd = like to=20 hear some other experiences. I get the impression IBD will = sell=20 these stocks at the top and buy them back if they breakout = again.</FONT></DIV> <DIV><FONT face=3DArial size=3D2>Peter</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Peter,</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>While I don't know for sure that = Bernard Baruch=20 ever said it, I have attributed it to him - I'll give the market = the=20 first and last twenty percent as long as I can keep the sixty percent = in the=20 middle. This falls well into the idea of cut your loses and let = your=20 profits ride. When things go south, cut loose. Otherwise, = stay=20 cool. This seems to be consistant with WON's ideas of sell = rules. =20 With today's discount brokers, you could even have a graduated = sell-off of a=20 stock that's falling. For example, sell 30% on a ten percent = drop from a=20 high. Sell an additional 30% on a fifteen percent drop from the = last=20 high. Sell the remaining 40% on a twenty percent drop from any=20 subsequent or the last high.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Why do it this way? It frees up = capital=20 from non- or under-performing stocks. This can then be used for = newer,=20 more exciting prospects.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Good Hunting!</FONT></DIV> <DIV><FONT face=3DArial size=3D2>Dave = Bigham</FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_002E_01C3562E.34215570-- - - - -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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