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Mike-- How long have you had your imaginary friend, Janice? When I
was very young, they tell me, I had an imaginary friend named Kicker
that was responsible for all the bad-boy stuff that it looked like I
did. Having ol' Kicker worked for me, so if you want Janice to handle
your sell decisions... hey that's okay by me.
I have one rule for selling that is carved in stone, and sadly have
ignored many times: When the story changes, sell. Yup, this is a Janice
point. As an example, I bought a home builder in CA., hoping to catch
a turn in the economy. The company was okay fundamentally with a low
PE and a new project ready for ground-breaking... in Orange County.
Well, I rode it down, hoping that some miracle would happen instead of
quitting when the story changed. Back to you, Mike. Regards, TBG Paul |
