GMH, I'm certainly not trying to put words in your mouth, so if that's how it came across, forgive me for that. One point that you did make (or so I assume) and that I whole heartedly agree with is the need to have an exit strategy as part of an overall investing strategy. But in today's world, I'm a dinosaur. From articles I've read, anywhere from 60-80% of stock trades are done with A.I. Algorithmic trading or quantitative trading makes self directed investors like me look absolutely prehistoric. Being of European descent, my Neanderthal DNA is likely high. Still, a good plan should define all parameters and that definitely should include an exit strategy, even though it's going to be different for each investor.
When chatting on a message board, I tend to gloss over many things that I take for granted and that I assume others would be thinking as well, but as you've pointed out, it's not always clear what's being said because we all come from different perspectives when looking at single stocks and individual companies (or most anything in life). We all have our own take on the 'facts" and so we try to strategize accordingly. I do agree with the point that I believe you've made before that it's in the sharing of info on these boards and through other sources that we can refine and improve our knowledge base and thereby increase our investing success.
So long as we're open to being challenged in what we say, I believe this shared experience is beneficial. Many have lost sight of the value of cooperative open debate and discussion, so to all of you here, thanks for sharing your thoughts. Without getting too biblical, iron sharpens iron...
Badgerkid
