Remember that old saying? "Don't fall in love with your stock, its purely business."
Yes, BVSN is doing damn well now, but things change and in the internet world, ESPECIALLY in the internet world, it can change damn fast. Look what happened to Netscape, king of the hill when it IPOed, was playing catch up when AOL finally put it out of its misery.
Just keep on your toes and watch for changes. Always ask yourself everyday "Will you want to own this stock TODAY?" Do not let your current profits cloud the decision.
For example, how many of you took profits when BVSN hit $72?
I wish I had man! But I was feeling so good about the stock that I just wanted the profits to continue to grow.
But if I had NOT owned the stock, would I have bought it at $72? Probably not. If I won't buy it at $72, I certainly should have sold and taken some profit at that price.
Now at $57, it is a massive 26% off $72, an ideal price to buy in, don't you think?
Now am I talking like a trader or investor? Is it contrary styles? Why can't I be both?
I put on my investor hat when I am evaluating a stock to own long term, financials, management etc. I put on my trader hat when I am evaluating at what price I want to own it or sell it.
It is not what stocks you buy, it's when you sell that counts.
Pick your stocks carefully and trade them for profits. |
