Ron, I hope you don't misunderstand me. I like ELAMF but it's not moving yet and I had too much of my portfolio in it. ALLY is already up 6% since my purchase yesterday based on what I could sell it for now ($ 5.81 on the bid- looks like it may gap up). I've had to let numerous great opportunties go by because of all the ELAMF I had.
If ELAMF was not dropping, I may have held it all. However, in general, I don't like holding a falling stock too long. I bought ELAMF @ $ 11.38 so I took a little hit. Small hits usually don't ruin a portfolio; Large hits do.
Even though I think ELAMF is a great value- who knows ! Maybe I'm wrong, or worse yet, maybe I'm right (and so are you) and the price will fall anyway.
Selling part of my holdings, besides allowing me to buy other stocks which are moving, gives me insurance- insurance that I won't take too big of a loss on any one stock.
I lose on some winners this way, but I've also missed some big losers this way. Overall my strategy seems to be working.
. . . and VALUESPEC stands for Value Speculator. Risk is often comensurate with return. As long as risk is managed (by selling a falling stock), risk can be a great friend, IMO.
Still holding some ELAMF- VALUESPEC |
