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

To: Brinks who wrote (21046)	4/5/2005 1:27:30 AM
From: Paul Senior	Respond to of 78763

delete

To: Brinks who wrote (21046)	4/5/2005 1:27:49 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78763

Brinks: selling tactic: regarding, "I always remove cost upon a double and hold "free" shares forever." Yes, this can be a really good idea. Especially if & when one is in the fortunate position of having a stock move up many times original price. In one sense, you don't have to worry about what point to start to take profits, because every point is profit after you've got your cost out. Makes it easier to ride 'em up. Well, imo. Selling 1/2 after a double just seems too pat for me though. My idea is to buy undervalued and sell only near full value or fair value. I don't want to use arbitrary sell rules to reduce my position to protect profits when the stock is still undervalued. My problem though is that I quite often misjudge what fair or full value is - I just seem to hold on too long. And so maybe I should be selling to get my cost out if my tendency is to ride 'em too long. I'm just not consistent or logical sometimes. For example, sold 1/2 of my EGR position when it popped, but still holding all shares of TPE: Message 20874002