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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (37887)5/15/2010 1:43:14 AM
From: E_K_S  Read Replies (1) of 78480
 
RE: Selling Strategies - scaling out vs close out position

Hi Paul -

Are there any other stocks you have sold or closed out positions on that have exceeded fair value in your opinion? I have several stocks that I have a profit in but could move a bit higher before I believe they are at or near my fair value target. I must weigh these with other stocks on my watch list which I feel are better prospects especially when I consider the risk/reward.

I really never like to sell especially when I have made good buy entry points but I find that the portfolio tends to get stuck in out of favor sectors from time to time. I am thinking if I try to turn the portfolio over a bit more and sell those stocks that are no longer at "fair value", I can generate better returns rather than holding round trip positions. I find I am holding my average positions too long (from 4-6 years) w/o booking the large gains that generally happen w/i the first 2-3 years.

That's why its good to hear recent sales and the thinking about a partial sell vs closing out a position, if expectations have been met and if the proceeds go to cash reserves or into a better value proposition.

A few comments about sales from time to time helps me to better understand the relative "value" in a particular stock.

EKS
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