JC - let me refresh your memory on what this discussion was about. I know it's only been a couple of days, but that is apparently a long enough time for you to be able to mis-quote.
Yaacov said in Message 14730839
I believe we may be depriving ourselves from some extra cash, by sticking rigidly to some dogma!...
I beleive if you have 100 SUNW with 10 to 30% precent profit built-in, then you owe it to yourself to sell 50%and take profit, and keep the other 50% for a long investment. You can always buy back what you have sold when the stock corrects. All the stocks correct, nothing grows forever.
Since July of this year, I have sold SUNW over and over, everytime buying it back when it corrects 10 dollars or more. What is wrong with taking home some profit? After all, aren't we all in this business to make money? Maybe I am not as smart as some of the schysters on these threads that pretend to by analysts, but I have always tried to take home profit when I can. Over the years, that policy has paid. I hope it will work for you too! gg
You responded with Message 14731005
in which you say I, and others here are up like x20 with SUNW over 4 years.
I'd like to know how you did that, since the stock is up only 10X in that period, but that's another discussion. But the part I was responding to was:
You may have done better than ltb&h since July. It's a sure bet that you won't come close to that return in *any term resembling 'the long run'.
I took issue with that in Message 14731891
where I said Greed is the enemy of long term investing. Another maxim - no one ever went broke taking a profit.
and then, for context, added Anyone who has gotten close to their investment goals and wants to preserve capital rather than maximize gains should diversify.
You may think some other word is better than "greed" to describe holding a stock which is already up 10X over the last 4 years, instead of taking some of that profit off the table, accepting perhaps a lower return in the future, but with a lot less risk. For you, the higher risk position may be the right strategy, but I don't feel that way.
As far as (lest they end up like current DELL farmers) - that's your spin not mine. I made no prediction about the future price of SUNW stock in that post, although I have said elsewhere that I do not think it will beat it's recent high by more than 20% any time in the next year. What I DID say is that you are starting to sound like the DELL investors who were the lead proponents of the "all your eggs in one basket" strategy. Your rants about this only reinforce that impression. What's your agenda here? It seems like anyone who suggests that anyone with other than a complete devotion to SUNW is somehow not a valid SUNW investor... |
