Caxton, I too, don't hold losers long. I basically do as you do.
I need short term profits to cover things like Taxes and vacations
(and a few body parts for my 79 Ford F-100).
For those reasons, I dumped Qcom last year and have been in and out
of Ericy a number of times.
(When I first note that my paper profits
are beginning to erode, I jump ship - like a "dirty rat")!
IMHO This tactic can (and should) be combined with some long term
intelligent holdings.
*******************************************************************
Nevertheless, I agree with MarginMike's opinion - on Ericy, and If
I were a decade or so younger, I would hold Ericy long term, while
continuing to buy on the dips.
Also agree with MM about handsets. However too many so-called
analysts base their evaluations on handsets alone.
I believe that Tero has been a leading indicatior in the "analysis
by handset" area. I failed to take his advice, and lost out on
Nokia's runnup.
( BTW a similar problem with Compaq being evaluated as only a PC Box maker, also exists. That's why I dumped CPQ )
Q is one of my biggest holdings right now.
And some "joint account" shares (which originally were Cascade Communications, and are now Ascend Communications/Lucent) make up
another one.
Therefore LU will also be one of other major holdings.
BTW I originally bought LU in the mid 50's prior to their first split.
Sold them in order to diversify, after the ASND buyout announcement.
Way off topic, I suppose -- In his last year in office, Jimmie Carter
initiated a major military rebuild program. I screwed up then,
by not investing in defense related companies. (One company, which
I should have kept was VAR)
In his last year in office, Bill Clinton is now initiating a major
military rebuild program.
History repeats itself, they say --
However this time I will be seriously thinking about defense, and defense related companies.
Now, repeat after me, "Go Ericy !! "
:-)
Mardy.
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