Comments on: Taking Partial Profits

By: chrisperruna.com » Blog Archive » A Negative New High - New Low Ratio (NH-NL)

Thu, 02 Aug 2007 18:53:21 +0000

[...] To prepare, I have already sold several large positions over the past couple of weeks as noted on multiple blog posts. I have been in profit taking mode and must pay attention as a trend follower because draw-downs [...]

By: chrisperruna.com » Blog Archive » Make Millions Selling Fear

chrisperruna.com » Blog Archive » Make Millions Selling Fear — Tue, 24 Jul 2007 18:26:51 +0000

[...] of opportunity so I am currently holding several partial positions and an increasing cash position (from sells last week). My research is still telling me that most of the opportunities are too far extended to take an [...]

By: Terry Zink

Terry Zink — Tue, 24 Jul 2007 00:52:13 +0000

> Terry, I closed my BIDU position completely.

That’s not a bad decision. I have opted to hold on because I think that the fundamentals for Baidu remain strong. When I first started trading, I used to think that I should sell when technicals break down, but some other books I have read lately (like Ken Fisher’s) say to hold on until the fundamentals start breaking down. My current method is a hybrid of the two.

By: Chris

Chris — Mon, 23 Jul 2007 19:26:54 +0000

Matt,
This is correct but I am happy I took profits last week (even though only partial in several holdings).

Terry, I closed my BIDU position completely.

By: Matt

Matt — Sat, 21 Jul 2007 18:34:34 +0000

I am only holding AAPL right now and look to buy more if and when it pulls near its 50 DMA (on light volume). Heavy volume and I will take profits. Remember, the crowd is usually wrong and a lot of people are currently bearish.

By: Terry Zink

Terry Zink — Fri, 20 Jul 2007 19:56:41 +0000

I bought BIDU around 108 and watched it shoot up to 212. With the pullback that occurred the past 3 days, I decided to take profits on half my position at 188 and then let the rest ride. I figure 70% in 3 months is pretty good.

The profit retracement is currently ~25% of the movement, and I figure that’s a good place to put a stop.

By: Deborah

Deborah — Thu, 19 Jul 2007 18:34:42 +0000

The market is up 25-30% in the past year and I’m not so sure that is justified, making a lot more of what is out there premium priced.

I’ve taken money completely out of the market and applied it to debt instead and I’m holding cash that I’m not sure where to invest. Last year I’d get excited about stocks I was finding. I’m not finding much that I like and I am in no rush to buy anything just for the sake of being invested.