What exactly gave the indication I buy and sell constantly? Let's see I bot MSFT in 1987 sold in 1990. Bot again in 1992 and sold in 1997. I bot T in 1970 and never sold it. Bot WMT in 1985 and sold in 1994. Hardly the momentum trader. Have I bot a stock and get rid of it 6 month or a year later, becasue I don't like something about it, YES. Was it always for a gain, NO. Is there any regrets....well?????????
I will however get rid of a stock that runs up wildly and for no other reason than it's the momentum players stock du jour. I will write cover calls after a very good move up. I will buy put's against my position, especially before earnings, more for protection, precisely because I don't like to sell. I will sell a stock that meets my goals and then some. But, trade constatnly?? Hardly the case, except the IRA account. I tend to be more aggressive in that, but results are mixed.
Is LU overdone to the upside in the short to mid term, ABSOLUTELY. Have I sold my shares, never!!(although the thought of selling half has crossed my mind and I won't discount that possibility) Will I make some short term money because it's overvalued, ABSOLUTELY!! Would I buy LU at 75 at this time, no wayyyy!! I might at 55, but then I haven't given it much thought.
Now, that I have stated my position one more time......... Good luck to you and do your own homework. Your opinion is your's, mine is mine... |
