Should $$$MR. MARKET$$$ kill the streak?

[mrmarket]

I say dump the losers. They do not measure up to your 19" biceps. You gave them all the time in the world to measure up.

In most of these cases the reason you picked them have changed. Meaning the fundementals at the time of choosing the stock have changed. To me that warrants a dump.

I'll have to go on the top of the mountain to contemplate. Tax losses always look so tempting this time of year!

[skiracer]

I'll have to go on the top of the mountain to contemplate. Tax losses always look so tempting this time of year!

Unless you're looking for religion you better take a case of beer with you. It'll help in the decision making process. And maybe some of Lyehopper's homemade goji brandy. It'll help you see the investing spirit, overseer of all trading decisions of this magnatude.

[sisterwin2]

I know this is selfish but I am a women you know. I say dump them so that those of us that dont have alot of cash can jump on your picks more often.. I have had to miss a few since I only have so much free cash at any given time. 15% of 300 = 45$ minus 10.99 per trade..., you get the picture, but if there were more picks I can up the annie more.

Now not being selfish..... only you know what your true needs are with taxes etc.... so what ever u need, do it.. who really cares about being perfect. I think Only GOD can really claim that one and I never really met him/her yet.

Dena

[df21084]

I'll have to go on the top of the mountain to contemplate. Tax losses always look so tempting this time of year!

If it helps you avoid the AMT, I'd dump them. Congress is sitting on their lazy asses regarding the AMT.

[IIC]

Dump 'em...The way I look at it is that anyone who can even make profitable trades 70% of the time is OUTSTANDING...But I'm only talking 70% gainers...even small gainers...You have made 15%+ on each...So that far exceeds my definition of OUTSTANDING.

Obviously, you and I do not trade the same way and although we are both in this to make some BUX...We go about it in different ways...But I will say that I have found some nice one's in your DUMPS...And I thank you for those ideas...Would also like to thank you for a GREAT Forum...I've met some good people here and I appreciate the sharing of info...as well as the questions.

Keep up the good work Ernie...And thanks to those that participate...

Best, Doug(IIC)

[mrmarket]

Dump 'em...The way I look at it is that anyone who can even make profitable trades 70% of the time is OUTSTANDING...But I'm only talking 70% gainers...even small gainers...You have made 15%+ on each...So that far exceeds my definition of OUTSTANDING.

Obviously, you and I do not trade the same way and although we are both in this to make some BUX...We go about it in different ways...But I will say that I have found some nice one's in your DUMPS...And I thank you for those ideas...Would also like to thank you for a GREAT Forum...I've met some good people here and I appreciate the sharing of info...as well as the questions.

Keep up the good work Ernie...And thanks to those that participate...

Best, Doug(IIC)

I'm waiting for all of us to get together and drink. Why doesn't some one look at the map and pick a central spot?

[IIC]

I'm waiting for all of us to get together and drink. Why doesn't some one look at the map and pick a central spot?

It would be nice to have a get together somewhere...Wanted to come meet you in Vegas...But was too busy...Speaking of Vegas, just got back tonite from the Trader's Expo...It was OK. Nice break....I even went easy on the guys working the IBD booth...But hopefully they listened when I was teaching them about DailyGraphs...No names...I don't want to emabarass any of them...But Geez Bill...I betcha I coulda sold a lot of subs for 'ya...I would have worked the booth on a commission basis only....Doug(IIC)

[jiesen]

Technically, if I sold PTSI, PRX and CBK, I could go from a new starting point, which would be stocks purchased after October 21, 2003. This would give me a current streak of 30 consecutive winners and add 3 positions to my portfolio to play with...

Hmmm..what to do. What to do?

Ok, here's my 2 cents: Selling those 3 for the sake of keeping a long streak is a pretty bad idea, imo. You should be looking to maximize your profits, not your streak. I agree that you should probably cut the dead weight out of the portfolio, and for that, the sooner the better. Besides, if you exit a bunch of positions relatively soon, I think you could be sitting on a nice pot of cash at the perfect time for a market correction.

You put a lot of effort into sorting out the best stocks, fundamentally, to buy. You should put in an equal amount of effort into sorting out the worst ones you have, and selling only those. As a value investor, I believe you should never sell just because the price is low- only when the fundamentals tell you it's a poor value. The market can get it wrong, but eventually will correct the price to the proper value. If there are several you want to dump but they're just too undervalued to justify selling (like BEL or PTSI) set a new reasonable limit that accurately values the stocks, and if it hits that, then sell. And if you want my opinion on the worst of these stocks, fundamentally, I'd say they are:

NUS - seems to be acting like a MLM that's headed for disaster (aren't they all?)
NUTR - just not selling enough pills
CBK - just not selling enough sweaters

I agree that PTSI and BEL haven't performed well to date, BEL especially, but both are extremely undervalued at this time, and I'd pick a new sell limit for these, rather than dump them here, if you want to exit. Besides, collecting just 15% of your initial investment of BEL is hardly worth missing out on the potential if it were to come back with the 2nd plant in full swing. However, tax losses can be tempting, and I don't know your situation (for me it's a non issue, because my BEL is in an IRA). In my experience, though, if you make a trade based on your tax consequences, rather than your knowledge of the stock you're trading, more likely than not, it'll turn out to be the wrong choice. If you want to avoid paying taxes, just put more money in a Roth IRA.

That's just my opinion, FWIW. And please remember that I'm probably not the one you want to listen to.

[IIC]

FWIW...In deciding whether or not to sell a stock in a cash account...I NEVER consider the tax consequences...I'd much rather pay up to Uncle Sam than hold something I know I shouldn't...Just my 2 cents...Doug(IIC)

[Lyehopper]

I'm waiting for all of us to get together and drink. Why doesn't some one look at the map and pick a central spot?

I pick Webs dock.... Central enough for me.... Plus no snow and ice down there.

[jiesen]

I'm waiting for all of us to get together and drink. Why doesn't some one look at the map and pick a central spot?

I believe MEA is the authority on that.

[Gary611]

Lets all meet at the next Stooge convention, I'll be there!!! WHOOP-WHOOP!

[Websman]

I pick Webs dock.... Central enough for me.... Plus no snow and ice down there.

May not work too well.

1. The trash can contains rabbit pellets and hard shell corn to feed the fish. I usually throw my beer bottles in the water.
2. I use the table to clean my Red Snapper and grouper on. I throw the fish heads off the dock to scare the smaller freshwater fish.
3. I've tried to catch the duck. He's too quick.
4. The dog eats all chips it fetches, and then drinks the beer.
5. There's only one hammock.

Here's a picture of my dog, the last time she got drunk.

[Websman]

I vote for Las Vegas.

[Runner]

Mr. Market, your streak has been awesome and I’m certain you have made a bundle off your picks. I think you should drop the laggards and let you winners run. Imagine that I’m talking about huger gains than 15%. CME comes to mind. Once target of 15% is reached you can use a profit retracement stop and ride those stocks higher. You can get creative on this method. You could play with 10% of the profit and exit at a respectable 5% gain. But your potential of gaining more then 15% on a single position will increase because you pick winners. Say the stock climbs now 25% you could tighten your profit retracment stop or keep it loose.

I think once you get a winner and if it tanks one should not hold at a huge loose but just me. I understand your diversification but why tie up money in a dog when it could be working for you instead of against ya? Now I know this logic sounds crazy to you but imagine had you held your winners ½ the time you’ve held some of the laggards? Sounds like a lot of work right? Not really buy the stock let it turn a profit and place hard stop and turn off computer.