My Dear Ms. X,
I'm looking for ways to approach the problem of "now that I've bought something good, how to I decide how to hang on or let go".
My 401K has a number of excellent, OK, and really lousy, choices of investment vehicles. The ones I seek advise about are:
PBHGX,POEGX,PRSCX
Simply put, they're up 15%-21% this month (which is how long I've held them this time), and their charts are WAY up over the "top". I have a few choices:
1) Take the money and run. Another dip will come, and buy them back after that.
2) Wait till I get the FIRST hint something's up (anything other than RS Buy/X's, Trend +, P&F sig Buy, Mom +), and sell half.
3) Wait till I get the FIRST and SECOND hint and sell half.
4) LTB&H - hold it forever.
My emotional approach is to take 1 and / or 2. A more P&F approach is to take 2 and / or 3. A less enlightened approach is 4.
Comments welcome. And, TIA.
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