Value Investing Message Board

STOCKTALK

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.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: geoffrey Wren who wrote (6586)	4/5/1999 7:36:00 PM
From: Shane M	Read Replies (2) of 78662

Geoff, I have to disagree here. I find it's best to let my winners run. Granted, I do tend to invest in more growth oriented companies rather than value stocks, so perhaps different rules should apply depending on the stock. Here's my life lesson on letting winners run. Promise not to laugh <g>. I purchased Knight-Trimark (NITE) on Sept 1 at 7 1/2. At the time I felt it was worth about $14-$16. On Dec 7 I sold at $16 fairly happy with my trade. Here's what happened since then. quicken.excite.com Yes, my boss - who still holds the stock - occassionally reminds me of how wrong my sell decision was and counts up the lost dollars for me. Not quite a 10 bagger (yet), but almost. This one example is enough to encourage me to let winners run. These kind of investments can cover up a whole lot of mistakes in a portfolio. When a stock grows wings I'm going to try my best to let it fly. And when I take profits on big winners I want to try to leave half on the table. Again, this may only apply to growth stocks, but it was a powerful lesson to me. Shane

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next