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

To: Madharry who wrote (39612)	10/12/2010 1:20:19 AM
From: Paul Senior	Respond to of 78702

Yeah, I missed Subaru back in the day. My error, esp. since I owned one of their cars. Subaru turned out to be one of the stocks that cemented Lynch's reputation, esp. if you read "One Up on Wall Street". I'm saying if I buy a stock because of a business event and the event occurs, I'll sell the stock if hasn't moved after a while after the event did occur. An event -- a particular occurrence of something -- is different from normal quarterly performance. I'm saying if the company continues to produce results I'll hold the stock. It is something I partly learned from Subaru. Note I said, "When a stock hasn't moved and business or book value doesn't seem to have improved after a 2-year holding", I will sell. Subaru business did improve. Hard to use bv for Japanese companies, but my point is that if business improves and that's reflected in the balance sheet (higher bv), I'll try to continue to hold, even if the stock hasn't moved. Yes, I'll sometimes sell if a stock pops really fast and strong. Something done here by several people, and after seeing that so many times, I've succumbed somewhat also. Theoretically I'm against it: I want to buy undervalued and sell fully or fairly valued. But the market is volatile, I get scared, "a bird in the hand", etc., so yes, sometimes I take profits when they come so abruptly. (Figuring I can reenter for the sold shares if/when stock drops back down.)