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

To: Paul Senior who wrote (39596)	10/11/2010 11:31:26 AM
From: Madharry	Read Replies (3) \| Respond to of 78667

Some of the last posts brings back the old question of when do you sell a stock? especially one that is going up. Last week on Fast Money one of the guys recommended LVS at about $36. This was a stock that someone at the street.com recommended selling shortly after I bought it under $3. I had a huge profit in it and it was becoming a big chunk of my portfolio and I sold it in the $13-$15 range as an offeset to short term losses I had at the time. In retrospect that was a stupid decision but not as stupid as the one to sell AAPL after they announced Itunes and the stock ralled some 20-30% and seemed to be getting ahead of itself for a value player, that was about 1200% ago. So in support of teaching this old dog some new tricks. How do you guys decide when to sell? Right now I seem to have a few criteria of when to sell a stock. 1. When a hope for event just doesnt materealize and when I become disappointed with the company's prospects or management. 2. Portfolio consideration-stock just becomes to big a portion of my portfolio. 3. tax considerations 4. technical considerations- my technical indicator says sell. 5. I want to buy something else and need the money