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

To: Investor2 who wrote (4608)	8/6/1998 9:34:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78666

Investor2: re: selling 'overvalued' primo stocks near their highs. I would not have chosen to sell the stocks CL, MCD at their highs. (But then, I never have been able to sell at the highs--even when I wanted to -g-.) From an earlier post, I believe you said you have held these stocks for many years. Perhaps they should have been sold or positions trimmed three weeks ago--but if I thought that the stocks were overvalued and should be sold and acted on this thought, then I would have probably thought that also and done that also long before 7/98 or 7/97 (thus missing a great up move in those stocks). Of course, so many things enter into a sell decision - tax consequences, where to redeploy funds, etc.-- really hard to say what the right thing to do would be. Paul Senior