Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (22317)	10/22/2005 12:39:44 AM
From: Spekulatius	Respond to of 78593

I have made it an habit to sell first in the face of unexpected bad news and ask questions later This worked again with PFE. Sold my shares at 22.43$. Now they are trading at a little more than 21$. As i mentioned before i did not expect PFE to blow up but it did. I did sell right at the open because my experience is that i am not going to be the only one to be unpleasently surprised and going to sell, especially with a widely held and liquid stock like PFE. I found again and again that in the face of bad news the best (or should i say the least unfavorable prices ) are had right at the open before the avalanche of selling sets in. In almost all cases one can be buy at lower prices the same day or days later. The hard part i found is not selling at a loss but buying with the bad new clearly on the table - the "disgust" factor is clearly at work here and prevented me (and most other investors) from buying when a stock is really cheap.