Diana, I don't disagree with Robert (3184, above) with respect to all te reasons for hanging on, but I have sold some of my shares. A few weeks ago I was talking with a friend who knew I had been long a long time, and explained why I thought there was a long way to go, but I said I was going to keep Q to around 20% of my portfolio. He said, "if your so confident, why not buy on margin." My response was, "I might be wrong!"
I sold some a week ago, keeping just more than 20% of my portfolio in Q. The price has gone up 25% since then! Am I kicking myself? No, I'm feeling well pleased with what stayed in Q. Still, I chose not to sell today, even though Q surpassed 25% of my portfolio.
So I broke a personal rule today. Sometime ago I broke another one. That was not to have more than 10% of my portfolio in any one stock. I think the first rule was very sensible, and I am glad I broke it. The second rule was also sensible. Will I be glad I broke that? You and I will both know within a week or so.
Are you more scared of losing profits, or missing them? |
