How long are you willing to hold it?
They sell cars. What catalyst do you see that will make people buy more cars?
I'd look at earnings growth rather than P/E.
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Itching to dump amazing stock
- Thread starter taojaxx
- Start date
They sell cars. What catalyst do you see that will make people buy more cars?
I'd look at earnings growth rather than P/E.
Reassess every quarter unless they hit my max loss limit (7% from cost) before. Right now it's down less than 2% from cost.
Earning Growth average last 5 years is 44.5%, stellar.
Knowing what you know now would you buy it today?
Better yet would you have a close family member buy it today?
Now there is a criteria I'll have to add to my list.
Can't claim originality for it.
From a book, "It's when you sell that counts" by Donald Cassidy.
And the question is to be asked for as long as one holds a stock.
If you can't answer yes each day, then it must be sold. Pronto.
I have the book, I don't remenber that quote but I have often said that the decision to hold a stock should be the same as the decision to buy a stock.
Why would you hold a stock you wouldn't buy?
Putting a family member at risk just adds more pressure.
That's what I just did by deciding to keep it.
You bought more?