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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (12727)	7/2/2001 3:41:55 PM
From: Bob Rudd	Respond to of 78550

<<Making partial sales as a stock moves up relieves some of the anguish for me.>>Same here. I scaled out of STEI in 2 steps, but still missed a chunk of gain. Sold half CD @14 for a 48% pretax gain, but still hold half with cost of 9, it's 20. The first sale was on expectation that it would again retrace as it had before...the hold half was cause I'm not that clever and might miss an extended run. Value investors nearly always buy and sell too soon...it's inherent in the style to head for the door when the risk reward becomes less favorable, and when you bottom fish a 50+% run in a short time looks like an attractive gain...especially considering the pop-ups that have turned to pups over the last few years. Coulda, shoulda, woulda...goes with the territory, I guess.