MAC, BGS, DISCK.
MAC: Indeed, peeled of my position somewhat. Still like it for the very long term.
Another one with agreeable movement recently: B&G Foods (BGS). Stock has a pretty big day, though I can't see any company specific news, except that it supposedly crossed the "200MA" line. Stock hadn't done me much good before that though. Still holding, possibly peeling some off there too. (I just can't stand outstanding paper profits...)
DISCK: Bough more yesterday, today up 5 %. When these things happen, am I wrong to think of it in annualised return? I don't think so. Same when a stock is up 20-30 % in ~ 2 months. CAGR is just too good (way above 100%) to be true (i.e. sustainable).
I've started thinking about all paper gains in CAGR, doing a rough calculation in my head.
E.g., one day return of 5 % is about 5 421 184 057.79 % annualised...
Seems to me that a rule of thumb for annualising <1 year returns is that 5 % return/month (after taxes, commissions etc.) is "too good not to sell". (I.e. 5 % in one month, 10 % in two months, 20 % in four months, etc.) That is 50-60 % compounded annually, i.e. very very good returns (for a fund manager, anyway.) |
