I am not a professional. I am a small, individual investor. My total investments in THNK are less than $30,000 (that's dollars, not shares!). I only came across David Zimmer about three weeks ago when we were both invested in LGWX. I do find that those of us who have a proven track record of picking hot stocks, and use similar criteria, tend to swap ideas about companies. Certainly there's nothing wrong with doing so, is there?
I have always been very transparent when posting ideas and discussing my investment activities. If I like a stock, I say so. If I don't, I say so. (I challenge anyone to dispute this fact.) And although I may like a stock one week, circumstances beyond my control may cause me to change my position the following week. However, I never urge people to hold while I'm selling, or sell while I'm holding. Also, my holdings are too tiny to ever influence the price of a stock. (Although who knows, a few more THNKs and that may change!)
Please don't see conspiracies where there are none. I am not a long term holder -- generally, I try to ride companies during periods of rapid rise. I know that bothers long term holders. But hey, you have your style and I have mine and the market doesn't give a hoot about one over the other.
I typically will not be in a stock more than a month or two unless the fundamentals continue to look good. As for THNK, I expect at least another 25% out of this stock before I even start thinking about an exit. Even then, however, I may stick around. I'll have to play it as I see it at that time.
Finally, I regret if you have been burned by holding on to other companies too long. Frankly, I need to continue refining my exit strategies. Someday I'll sell my small holdings in THNK. When I do, it won't be for any reason other than I think there are more promising opportunities elsewhere. And, I suspect, that's the same approach you take. |
