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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: chaz who wrote (23173)4/20/2000 11:06:00 PM
From: Mike Buckley  Read Replies (1) of 54805
 
then what's not sensible about selling after runs

1) News may come out the next day that makes the previous high price look cheap;

2) Pre-tax returns resulting from selling often must be much higher than the pre-tax returns of rarely selling in order to match the after-tax returns of long-term holding;

3) It takes a lot of time to be confident that the decision to sell is the right decision; and

4) Despite how confident you are, you still might be wrong.

--Mike Buckley
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