Vericel Corp. (VCEL)

[commoncentsinvestor]

Thanks.

Setting a particular dollar amount to exit a stock is usually not a great strategy for what one considers a long term investment. Better to constantly review the reasons you bought the stock in the first place and if it still meets your risk/reward & potential growth expectations, then it doesn't make sense to sell.

That said, there is also nothing wrong with having a certain percentage of short term shares to trade around your core holding. In many of my stocks I will have a day order in to sell some shares if it jumps up over 10% that day. Most times when that occurs I will be able to buy the shares back for less that same day so I still have the same amount of shares but have lowered my cost by adding a little profit. Of course, that strategy is only for full time investors who are right on top of what is going on in the market. For all others it is best to just hold until something significant happens that changes your opinion of the stock. Don't see that happening anytime soon with VCEL.