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Re: MSGI post# 1978

Monday, 01/17/2005 7:53:42 PM

Monday, January 17, 2005 7:53:42 PM

Post# of 174010
When I review my stocks, I try to compare them against my original expectations as well as against each other. IF I have spare cash, and I am trying to decide what to buy, I do consider whether I should be buying existing stocks.

Obviously to buy a stock that has already doubled or more is hard. History teaches us repeatedly that stocks don't keep doubling forever. However I try to realistically judge whether there is more good news coming. There are exceptional situations where a stock is in the right sector or has a killer product and will keep putting up great numbers. I typically have better knowledge of my winners because I have had those stocks longer. That's good and bad. Sometimes you do have better info and sometimes its just more data to convince yourself that the party is going to keep going forever.

The game isn't over yet but I added to TGA, MDF and CPTC after all have run up. Now the amounts are minor in comparison to my total position but I did add because at that time, I felt their prospects were still better than my other choices. I don't think there is a fixed rule about adding to a winner. It all depends on the news you are expecting from your winner and how it compares to your other current choices. Not an exact science and difficult to easily determine the positive or negative effects of this kind of activity on your total wealth accumulation. (unless you are lentinman and spend your life tracking each decision point and its impact against all alternatives) Bobwins


Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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