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SMaturin

07/19/10 4:12 PM

#2809 RE: AliAngel #2801

I set up a google spreadsheet to help me calculate best entry and exit points based on current shares and cost average. As I add to my position, and the numbers change, I can reset my goals to match the best numbers of shares to sell at which prices. The google spreadsheet can be opened and modified on whichever machine I am viewing at the time (work, home, or iPad), so it is always available to review and adjust my goals.

Example: Sell 30% fairly low to cover most or all of basis cost, based on what the current average is for my holdings. For this stock, that could be at 0.10 to 0.12, to cover my entire current investment cost and take a small profit. Then sell another 30% at the next price level, to take more pure profit. Then hold the rest until the time FEELs right to get out at max profit.

I have not yet looked at the Wave board ibox, but I shall.