| | iowamann - For sure, PALM has no idea you ever owned the stock and does not care. As long as you don't get married to a stock it really does not matter that you sold it at 50 or 45 or 30. If you have done your research and feel comfortable with the stock I see no harm in going back in at these recent prices. Just don't go whole hog. A comfortable little dab will do ya. As long as you feel comfortable with the possibility that things could go against you, considering the high PE ratio.
I really like the long slow rounded bottom formed since the March low and the resulting slow rise, regardless of the market conditions during this time. It might be a good stock to go with for the possible yearend rally. But do your research first. Even if you're simply trading short term rather than long term, be sure you have adequate diversification, if possible. Hope you're not pinning your hopes on one or two stocks at a time.
I too find parabolic rallies unnerving. I have found, even in my long term investing, that if a stock suddenly skyrockets it's a good time to sell - at least sell a portion of the stock. It's hard to go wrong selling some of the stock if not all. I may hope for 20-40% say over a year or two. If it suddenly jumps 100%, why be greedy? When I get greedy in such situations the stock inevitably falls just as sharply. I sold some stocks in early 2000's parabolic rise, but not nearly enough. I stayed on the bronco too long - and got kicked, big time. |
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