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Strategies & Market Trends : Value Investing
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To: E_K_S who wrote (37906)5/15/2010 8:25:28 PM
From: Grommit  Read Replies (2) of 78476
 
"Selling strategies continue to be difficult for me. Do you peel off shares and scale out of a position or just move on with an out right sale?"

Tough for all of us. You may have heard this before from someplace...

a. I try to ask myself, if I did not already own the stock, would I buy it? (although tax implications may impact the answer, there have been a few times where I avoided a gain to save taxes, only to see the gain evaporate. Stupid!)

b. If I cannot decide to sell or not, sell 1/2 (or 1/3). At least you will be 1/2 right.

c. I sell stocks that have gone up easier than selling those that have dropped. Mainly because I believe in the concept that undervalued stocks will recover.

d. Never look back.

But I seem to usually sell when something better comes along. For example I have been frequently peeling off shares of GOV to buy other reits that have lower PE and therefore higher upside potential (more price safety). OHI and MPW come to mind. Also have been selling AHT-A and FR-K to buy OHI-D, and giving up a bit of yield for a lot of safety.

Here's a puzzle. Sold my RIG in january, but kept DO. Kicking myself for not selling DO on the rig sinking. But not really kicking myself because it made no sense to sell because they claimed there was no oil leak. Unsure what to do now.

FYI Bought more NXY on friday.

grommit
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