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Hi John,
You didn't mention how long ago did you buy LNN and
CAV.
At the current price of $5.00 and 3.50, you have made some
gain as a newbee. Well done.
LNN and CAV are still on the upward move, so there is no
reason to sell now.
LNN is excellent if you plan to hold for long term
stock.
Looking at the price movement, CAV is in a choppy market,
the price retraction didn't make it easy for you, although still trending upward
since April from a low of 3.05.
Watch CAV closely, hang on for a while as price is stll
moving up, then sell when price start to retrace backward.
Happy trading.
Rini
----- Original Message -----
Sent: Wednesday, 12 July 2000 14:28
Subject: [sharechat] I'm Tortured
I guess I suffer from every newbies complaint. The when to
sell syndrome.
I have read so many articles, postings etc and it would
appear for every idea to do one thing there is a multitude of contra
ideas.
I have been sitting looking at Lion Nathan and Cavallier
which I paid $4.36 and $3.15 for respectively. Like everyone I want to sell at
the highest point but I just can't seem to get a handle on when to
sell.
Cavallier for instance I have watched and my belief is it
seems to rise to around this level and drop back a little repeating this
process over and over. Is it a stock that is likely to contribute much more to
capital gains on the price I paid?
Similarly Lion Nathan appears to be pegging up nicely but
for how long?
I feel these two stocks are a pretty good risk type to hang
onto and have held themselves up pretty well while the market has done its
downward spin. I think that when the market wants to kick off again maybe
these two will take off again from a higher platform than say some lower
yielding stocks. Could this be a logical assumption?
My problem is I don't want to keep sinking more money into
the stock market without making some gains in which to use to reinvest into
the market. Hence my inability to try and formulate some sort of a selling
plan.
I am going to have a look at the Henley range of charting
etc seminars this weekend.. maybe that will help considering their
programs are free.
Anyone got any bright ideas on how to formulate a selling
and of course buying plan.... and.. any comments on the
Henley software?? Does it help clear muddy waters or does it bring more
chaos into a disorganised situation??
Much thanks... John.
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