To Mike: I bought as a value stock, and I sold as value stock. Could not see, or was not able, to change my focus. And also, I probably just never would get that somebody might consider this a good strategic fit (GE-- GE, yikes!). Ah nuts.
Also, I forgot about Jurgis' (?) admonition couple years ago of just keeping a bit back when selling a position. That -- for me-- has been very good advice--- when I listened.
So many of these stocks where I am selling too soon!
It was Baruch who said something about his 'secret' --"I always sell too soon" GEEZ. I seem to be doing that all the time, So how come it doesn't work for me? -g- And not only do I feel like I'm leaving the better part of the investment on the table, I feel like a complete idiot.
It's so hard to overcome one's background and experience ...sigh...going for years with small profits, no profits, or reasonable profits... then coming into this bull 1995-99... seeing so many, so many --doubles, triples, quadruples, quintuples...like it's so common, such an everyday thing, happening everywhere-- to everybody-- almost can be planned for or expected---. Taking profits at a double and glad for it-- only to see a triple or quadruple. Sure, saying to yourself... yeah,if only you knew what you owned you wouldn't've sold. But wondering. And remembering: '98(Oct) '90, '87, '74, '67? (memory fades)--- remembering very well how low stocks can really go when they go DOWN and how real people can really, really be hurt, really hurt at what-- looking back -- is a twitch of an eye.
OH WELL.....
I am STILL finding stocks that fit my criteria , and I am buying.
regards, Paul |
