Tarheel Posted July 18, 2015 Share Posted July 18, 2015 Long time owner of the stock. Anyone notice it went up big yesterday? Put in a sell order @ $700.00 and came back later to see it was filled. Hoping to buy it back cheaper. Split adjusted the stock would be around $1375. 1 Quote Link to comment Share on other sites More sharing options...
Coytee Posted July 18, 2015 Share Posted July 18, 2015 Tarheel, This isn't directed specifically towards you but rather, to hope someone casually reads it and pauses to think. Looks like you did a good trade. People sell for a variety of reasons. If someone owns a stock portfolio and says "I need to buy a car, I need $25,000" (or some amount) They will usually say to sell this & that....and when I look at those positions, they are typically the most or otherwise highly profitable positions. I'll ask them, instead of selling "this & that", what about selling "that & that" and they won't want to sell those because they're down and they don't want to "lose anything" Hmmmmm.... So, this is where the 2 cent commentary begins. Think of your wife/mother/grandmother. They might have a rose bush outside. It's spring and it's time to tend to the plants. They are going to trim things up to make them pretty. Would you presume your mother would take her clippers and hack away at the rose bush? Nope Do you think she'd first, cut all the pretty flowers and healthy growth? Nope Or, do you think she might first, step back, look at what she's got and cut the deadwood. Getting rid of all the crap and once that is gone, re-evaluate her situation and THEN, perhaps start trimming some healthy sprouts? Bingo So in the world of stocks.... I'll have someone say they need "X" dollars and to sell positions 1,2 and 3 which are their profitable positions. I'll go through the above analogy with them....then ask... Would it make sense to first, cut the deadwood out of your account and then, to the degree those don't get you the amount you need, THEN start to trim your winners? Otherwise what is going to happen is you are going to trim your winners and having nothing left but a portfolio of losers. Besides, you "hired" (bought) each of those for a reason....ostensibly to have them go up and make money. Why "fire" those that are doing what you want.....and keep those that are not? Makes them think a bit. 1 Quote Link to comment Share on other sites More sharing options...
Guest thesloth Posted July 18, 2015 Share Posted July 18, 2015 I wish I had money to buy food let alone stocks BUT I would rather starve then sell my Klipsch speakers! 1 Quote Link to comment Share on other sites More sharing options...
Tarheel Posted July 18, 2015 Author Share Posted July 18, 2015 Thanks Richard you know I value your input and have sought it on occasion. You may recall when I called you about Wells Fargo and my trading that stock over and over. I just typed a long page of my reasons for the sell but lost it before finishing and just coming in from yard work I'm too tired to write it again. The short version is......rebalancing my portfolio. Google got to be a disproportionate chunk of my portfolio. My original buy in at $260 split adjusted is now worth $1375/share. I sold off roughly a third of my shares....made enough to buy new Khorns if so desired. But I won't. When/if it comes down to $600 I'll buy it back and then some. That's just how my tiny brain works My bud Cramer reminds me from time to time that "bulls make money, bears make money, but hogs get slaughtered". Quote Link to comment Share on other sites More sharing options...
minermark Posted July 18, 2015 Share Posted July 18, 2015 Iv got a few shares here and there, it's better if i do not look at them. I retired to not care about things, and thats one of them. 2 Quote Link to comment Share on other sites More sharing options...
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