Cutting losses - not the best idea
- Thread starter mrmarket
- Start date
This is an open discussion about cutting losses witihin the context of buying fundamentally sound companies. Challenging the logic of this idea is what this thread is about.
I will not support name-calling or bashing. Those posts that cannot stay within this framework will be edited or deleted.
PS - I don't think we need to worry that other members are going to follow any particular strategy to their own harm. That's a straw man argument, as altruistic as it might seem.
I will not support name-calling or bashing. Those posts that cannot stay within this framework will be edited or deleted.
PS - I don't think we need to worry that other members are going to follow any particular strategy to their own harm. That's a straw man argument, as altruistic as it might seem.
Then again...if someone doesn't really understand why a company makes money or if they don't understand a business model or if they don't understand product development and product life cycles then maybe they should cut their losses if a stock moves against them.
What I want to know is then, why did they buy the stock in the first place????
What I want to know is then, why did they buy the stock in the first place????
$$$MR. MARKET$$$ once again displays his market dominance.
I sold CLSR today at 35.14 . Remember I bought it at 30.45 on Oct 31? That's a 15% gain in only 3 weeks!! Can you do that?? You? You? You? See how HUGE I am. I use a computer model that I perfected in graduate school. Picking stocks for me is about as difficult as turning on my TV.
But only $$$MR. MARKET$$$ knows how to use it. You cannot bench press 385 lbs or hit a golf ball 300 yds right down the fairway. You cannot drink a case of beer at one sitting. That's ok, we all have our individual talents.
What this all means is that we can have Thanksgiving for the fact that $$$MM$$$ will be generating another fantastic winner in the next few days.
I am HUGE!!!
Bring me your finest meats and cheeses!!
$$$MR. MARKET$$$
I sold CLSR today at 35.14 . Remember I bought it at 30.45 on Oct 31? That's a 15% gain in only 3 weeks!! Can you do that?? You? You? You? See how HUGE I am. I use a computer model that I perfected in graduate school. Picking stocks for me is about as difficult as turning on my TV.
But only $$$MR. MARKET$$$ knows how to use it. You cannot bench press 385 lbs or hit a golf ball 300 yds right down the fairway. You cannot drink a case of beer at one sitting. That's ok, we all have our individual talents.
What this all means is that we can have Thanksgiving for the fact that $$$MM$$$ will be generating another fantastic winner in the next few days.
I am HUGE!!!
Bring me your finest meats and cheeses!!
$$$MR. MARKET$$$
