Sulja Bros. Building Supplies, Ltd (SLJB)

[centflaparrothead]

nice post. good advice

As someone who has been "doing stocks" for a long time, I have learned to re-evaluate my positions daily. I ask myself "Here is a list of the stocks in your portfolio. Would you buy each of them today?"

If the answer is yes, then I hold, and I consider that the value in that position is my buy-in. If I answer "No", and sometimes, as painful as it is, I must be honest with myself and answer no. (Sometimes one needs to take a few days before this self-honesty surfaces). Once you determine that you would not buy the stock, then you need to recover the current value left in the position. Otherwise, it is just the same as spending today's position value on a stock that you wouldn't buy. If you don't sell, and it goes down further, then you have only yourself to blame.

So the question I have asked myself every day for the past several months is "Would you buy SLJB today, knowing what you have learned and having experienced what you have experienced".

My answer today, as it has been for months is "Yes. This may be the screwiest management arrangement I have ever seen, but I feel that my money is appropriately invested in this stock."

That's it. The end. No quibbling. No "But it's ten minutes after 3:00. Where are the AF's"

SO here I sit, a good fraction of a million shares long. And staying there. Today. Tomorrow I'll ask again. And if things are unchanged from right now, I'll still get the same buy-in answer that I have gotten for months.

To echo lots of other folks on this board, get a grip, or get with some other stock that doesn't cause you this degree of angst.