The tale of buy and hold, or trade.
I come up on my 1 year anniversary in 2 weeks for some of my RFMD shares. In this case, I got these at about 45 or so. Nice gain, sure, but nothing compared to the momo gains that you see on the daily chart.
Buy and hold for LT cap gains? Very interesting. In hindsight, ST trading was the play with this one.
It would have obviously been better to ride the wave and sell in the 140's (got two shots at that, but didn't sell either time, and remember, few ever sell at the tippy top....)
the good news is that the taxman has his year of waiting paid in full, so ......it's my turn to decide when to sell with ST impunity.
In this case, though, its, Buy and holders 0, ST traders 1.
Hopefully it won't stay this way too long.
Steve |
