Skills - Depends on what your definition of "long term" is.
My own definition of a long term hold depends on the stock and the trend. I hold stocks through strong macro growth trends and as long as the company's story and growth stay intact. CXPO has put 4 quarters of steady growth and increased earnings on the books. Odds are quite good with 5 days left in the 4th quarter that they will post another great set of numbers. Oil was at all time highs and gas prices were as good as Q3. So for me, my long term hold will be at least another quarter. When the story changes, I will sell CXPO and probably have long term multi-bagger gains.
What is your reason for selling CXPO?
I think you were defining long term as "buy and forget". "Buy and forget" is not hazardous to an investors health, it is most likely fatal.
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