SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Compaq
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cheap who wrote (28900)7/11/1998 7:09:00 PM
From: Stevefoder  Read Replies (3) of 97611
 
Stop loss advice: This does not answer your request, but I think it is good advise.

Forget about selling your CPQ for at least the next six months. Better yet, forget about selling for the next six years.

I about 9 years ago I bought 100 shares of CPQ at about $49 per share. After about two years it was 1/2 of what I paid for it. I sold it for a tax loss and netted about $2700 cash. If I had just held on to that 100 shares it would be 1500 shares now worth about $47,000.

Fortunately, I had bought another 100 shares a few months before I sold that other 100 shares. The important thing is that I held on to that second 100 share purchase through thick and thin for the last seven or so years.

Moral of the story: Stop worrying. Make some well thought out decisions and stick with it if it still looks like a good company. Buy and hold will usually prevail. Don't worry about a 20% or 40% loss if the fundamentals still look good.

No guts, no glory.

Steve S.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News