Since the original publication of When to Sell in 1977, which was cited by the New York Times as one of the two or three best books ever written on the stock market, Justin Mamis gets the phone calls asking "how do we know when to sell?" Of course these phone calls come after the market has gone down. When prices are up, investors should be looking for "when to sell". Indentifying tops -- the emotions that accompany tops, the indicators that say it is a top, the stock actions that warns that it is getting to be time to sell - these are the meat of the book When to Sell. This book was completely rewritten in 1995 and now includes a new foreword by the author. Although many specifics have changed since the original book was first published over twenty years ago, there are also many consistent verities that need to be repeated. It still takes just as long to make a top, the same sort of failures can be identified whether one is dealing with American Buggy Whip or Microsoft and it still requires both patience and belief -- patience to wait for a big enough top to form and belief that it really is a top and thus has become time to sell.
After serving as Assistant Director of the NYSE Floor Department, Justin Mamis founded and edited The Professional Tape Reader in 1972, selling it in 1977 to its current editor with thoughts of retirement. Instead he spent several years as an "upstairs" Member-Trader for Phelan, Silver, an NYSE specialist firm and subsequently settled into his roles as market advisory letter writer, forecaster, and philosopher on behalf of Wertheim & Co., and then Gordon Capital. He then became Senior Vice President and Chief Market Technician at Hancock, where he wrote his weekly Mamis Letter. Quotes from the Mamis Letter appear frequently in Barron's and The Wall Street Journal and his often heretical and usually grumpy comments can be heard from time to time on CNBC. Among his credentials he has been voted for several consecutive years to the Institutional Investor "All-Star Team" in the categories of Market Timing and Market Technician. Justin continues to write his market letter and do forecasting and philosophizing.
Lots of good info. Wasn't super precise, but it showed what he likes to look at for when to sell.Published 16 months ago by Robert Zaleski
I didn't learn anything from the book. It was revised from an older addition and not updated with information on effects of program trading and short selling or written with... Read morePublished 22 months ago by Carol Norris
The book was shipped on time. Book was used,but in good shape. The book has good info. if you are a serious trader.Published on October 18, 2012 by Rex E
I read all of Mamis' books, How To Buy, and and Nature of Risk and When To Sell, a long time ago and continue to reread them today. Read morePublished on January 4, 2012 by Amazon Customer
I am relatively new to trading and I have read a bunch of books and have a pile of unread ones that I still need to work my way through. Read morePublished on May 27, 2011 by M Kramer
I think it's a novel about some studya cases. Beside the awful graphs (it's not that important if there would be good information, but it is not the case) the author just become a... Read morePublished on March 14, 2011 by Hector Carmenates
This is one of the best books I have ever read on trading. The title implies Selling but I gained a lot of knowledge on all aspects of trading such as when to recognize trends,... Read morePublished on September 10, 2010 by jonathan khan
This is one of the best books a serious trader can read in terms of thinking & developing trading habits consistent with successful investing/trading. Read morePublished on March 4, 2010 by Edward M.