Re: iceberg orders read ...
in response to
by
posted on
Oct 16, 2007 03:05AM
Barz, I agree completely with "This is a true winner with a very strong future". That is a poistion upon which I never deviated and I too a lot of heat from many on the stockhouse site.
That said ... I hold a substantial core position which I have no intention of selling .... I not sure I could handle the capital gain tax it will attract when I think it is no longer worth holding.
In the meantime I use the dips to buy and the highs to sell so I can go on vacations and drink Dom .... IMO when a stock has low/no longterm downside, it is the best stock to trade for short term cash appreciation. I have done this with a few companies, and in addition to the capital appreciation I achieve by holding gems like this, I develop a strong cash flow. Of course, as a core position, I won't hold more than 5% of my portfolio in anything (even that takes extreme confidence) and only double that position as a trading position purposes on a short term basis (only if a company is an exceptional buy). After all I'd rather risk my "play money" in something in which I strongly believe.
Not a strategy for everyone ... certainly riskier than "professionals" advocate ... but it has been my most effective method for significant cash appreciation trading and doesn't hurt my long term investment strategy ... this is a definite long term keeper.
Orgy