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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (4794)3/6/1998 10:16:00 PM
From: Stephen Bedingfield  Read Replies (1) | Respond to of 24921
 
Kerm / "It's always good to take some profits."

Hi Kerm. Haven't posted lately, but wanted to take issue with your comment, "It's always good to take some profits."

Seems to me that one must always evaluate one's options against one's investment objectives and the degree of risk involved. In other words, the *only reason to sell a stock is because cash is more valuable* than the stock. Cash may indeed be more valuable at certain times and cases, including:

1. to preserve capital if correction anticipated;
2. to earn interest;
3. to fund other stock purchases with greater potential for appreciation / better yield;

So I think selling Vermilion is fine if the cash can be put to better use, but not just for taking profits.

Happy investing,

stephen (neither long nor short on VRM)



To: Kerm Yerman who wrote (4794)3/7/1998 10:31:00 AM
From: Goldberry  Respond to of 24921
 
My concern is that the brokers are sitting on 5 million shares that they hold in a bought deal which they have to sell to the market or institutions and they are probably the ones keeping the market bid at the level they just paid for the issue. Unless there is some information in the pipeline not yet released by the company I am concerned the shares will drift back down after the issue is placed.

Graham


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