Jan/Judy. An interesting discussion you are having. Hope my 2c are welcome.
1) I view a hold as a buy. Why? You commit funds to a position on a daily basis, at
least mentally. Consider todays price as your cost basis, since you could have sold, but
didn't.
2) As the stock (DELL) moves lower, more info becomes public, and your mood
about owning it may change. P&F waits for a sell signal, which sometimes can cost you
dearly.
3) If the general market is correcting, which is why your stock is weakening, better
buys may materialize, and you may now be "locked-in" at a lower price.
I the spirit of "jack-be-nimble", even TD buys on a P&F signal, then sells half at a
target to lock-in profits.
A broker from my early years once told me: "Dennis. Most investors should be out of
the market most of the time." Not good advice for simple buy and hold strategies, but
maybe for traders.
Judy. Is your view of AMAT primarily technical? I see you are positioning in LEAPS,
implying a willingness to ride through some near-term corrections?
Regards to both of you! Judy, sorry you cannot make it to LV (I think you said that,
didn't you?). Aging is tough, isn't it. Short-term memory lapses. Tennis muscles stay
sore a few extra days, etc.
Dennis |
