Now, I keep a 100 shares of what i sell just so I don't get seller's remorse.
That's a great idea. I did something similar with CSCO until it finally hit 76 and I couldn't stand it anymore. I'd made 22 pts --- and coming off the long drought of late fall and winter, I figured I should take the profits and be glad.
Hey, I sold Excite at 15 or something ridiculous. And I can't even remember my AOL numbers -- benevolent amnesia, to be sure.
On the bright side, I got out of IOM at 36 on the way up and have long since stopped berating myself for selling too early. I was in at something like 4, split-adjusted. Just recently I sold my INKT at 82. Not bad, eh???? Yeah, well, before you congratulate me, realize I had a whopping 150 shares from the IPO.
You know, once in awhile you can even feel good about a loss. A few months ago someone I thought I could trust told me FPAM was being bought out. I got in at the 52-week high, or close, and then the announcement was postponed a day, then two, then a few more, and in the end I rode it down 6 pts, to 19, and finally got out. Yesterday they were at 0.12 and today they're bankrupt. I've never learned what happened as this person has never returned my calls. I deserved the loss as one of my cardinal rules is don't buy on take-out rumors.
We all have battle scars. If you ain't never been throwed, you ain't never rode.
Later --
Pat |
