{"id":5061,"date":"2010-12-15T09:06:40","date_gmt":"2010-12-15T14:06:40","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=5061"},"modified":"2010-12-15T09:17:24","modified_gmt":"2010-12-15T14:17:24","slug":"when-to-pull-the-trigger","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=5061","title":{"rendered":"When to pull the trigger."},"content":{"rendered":"

My inviolate stop loss rule is 15%. You trail it. the stock goes up. You lift the stop loss.<\/p>\n

I think 15% is too high. It should be 5% to 8% in today’s market.<\/p>\n

I asked Scott Udine for his practice. His answer:<\/p>\n

It depends really on the stock and its average daily range, its volatility and your cost basis.<\/p>\n

What I always try to do is as quick as I can get my stop up to my cost basis, so we do not lose money on the position if it turns tail. From there, we adjust upwards as the stock rises.<\/p>\n

Not an exact science, a lot of tweaking and trial and error.<\/p>\n

Short-term interest rates stay steady:<\/strong><\/span> But long-term rates, which the Fed can’t influence, could be rising.<\/p>\n

WASHINGTON (MarketWatch) – The Federal Reserve Tuesday left its key interest rate and the size of its bond purchase program unchanged, as widely expected. The central bank’s rate-setting Open Market Committee maintained the target range for the federal funds rate at its all-time low range of 0 to 0.25%, where it has stood since December 2008. It kept its bond purchase program, nicknamed QE2, at $600 billion. In its statement, the Fed said that the economy recovery is continuing “though at a rate that has been insufficient to bring down unemployment.” Thomas Hoenig, the president of the Kansas City Fed, dissented again, warning that the large stimulus could cause inflation expectations to rise and choke off a recovery.<\/p>\n

The Austerity Zone: Life in the New Europe. <\/strong><\/span>A slide show from the New York Times. Interesting. Click here.<\/strong><\/a><\/p>\n

The frustration of youth.<\/strong><\/span> <\/strong>It\u2019s one of the most frustrating aspects of life. You\u2019re selling something. You\u2019re buying something. They don\u2019t buy. They don\u2019t sell.<\/p>\n

It\u2019s bleeding obvious to you that they should.<\/p>\n

But there\u2019s no argument that will convince them.<\/p>\n

Reality: It\u2019s their money. It\u2019s their life.<\/p>\n

There\u2019s nothing you can do. It\u2019s horribly frustrating.<\/p>\n

The only solution is to move on, not burn any bridges AND revisit them in a week or two.<\/p>\n

People often change their minds for the strangest of reasons.<\/p>\n

Richard Holbrooke died on the operating table.<\/strong><\/span> His last words were “You’ve got to stop this war in Afghanistan<\/em>.”<\/p>\n

Sarah calls Joe.
\n<\/strong><\/span>“Hi. This is Sarah Palin. Is Senator Lieberman in?”<\/p>\n

“No, governor. He’s out today. This is Yom Kippur.”<\/p>\n

“Well, hello, Yom. Can I leave a message?”<\/p>\n

Job Opportunity at the CIA<\/strong><\/span><\/p>\n

The CIA had an opening for an assassin. After all the background checks, interviews and testing were done, there were 3 finalists: two men and a woman. For the final test, the CIA agents took one of the men to a large metal door and handed him a gun.<\/p>\n

‘We must know that you will follow your instructions no matter what the circumstances. Inside the room you will find your wife sitting in a chair. Kill her!!’<\/p>\n

The man said, ‘You can’t be serious. I could never shoot my wife.’<\/p>\n

The agent said, ‘Then you’re not the right man for this job. Take your wife and go home.’<\/p>\n

The second man was given the same instructions. He took the gun and went into the room. All was quiet for about 5 minutes.<\/p>\n

The man came out with tears in his eyes, ‘I tried, but I can’t kill my wife.’<\/p>\n

The agent said, ‘You don’t have what it takes. Take your wife and go home.’<\/p>\n

Finally, it was the woman’s turn. She was given the same instructions, to kill her husband. She took the gun and went into the room. Shots were heard, one after another. They heard screaming, crashing, banging on the walls. After a few minutes, all was quiet. The door opened slowly and there stood the woman, wiping the sweat from her brow.<\/p>\n

‘This gun is loaded with blanks’ she said. ‘I had to beat him to death with the chair.’<\/p>\n

\"\"<\/a>
\n<\/strong><\/div>\n

Harry Newton who is engrossed in Matt Taibbi’s latest book:<\/p>\n

\"\"<\/a><\/p>\n

It’s the story of what happened. I’ll write more later. Meantime, it’s a great read. I’m about half-way through. Boy, does he not like Alan Greenspan. He has a chapter on him called ,The Biggest Asshole in the Universe.”<\/p>\n

I’m spending a lot of time getting my dictionary ready for the iPhone\/IPad\/Android. Exciting for me to move to a digital edition. I don’t know what the demand will be. But I have my fingers crossed.<\/p>\n","protected":false},"excerpt":{"rendered":"

My inviolate stop loss rule is 15%. You trail it. the stock goes up. You lift the stop loss. I think 15% is too high. It should be 5% to 8% in today’s market. I asked Scott Udine for his practice. His answer: It depends really on the stock and its average daily range, its […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5061","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/5061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5061"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/5061\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}