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06/30/15 1:46 PM

#6911 RE: scottsmith #6905

I was referring more to the various stop-loss levels.

Those, and things like "take your basis off at 100% gain" make perfect sense for the recent price action... in hindsight. But the 100% rule would have had half your original position missing a multi-bagger. If you were in TPIV low and used stop-losses along the way, they could have been hit also missing the multi-bagger. In stocks that whipsaw, stop-losses can hurt, but also help. Bioman (bless him) changed his strategy to "take your basis off on any run" after the CL*N debacle.

I'm surely not saying any strategy is wrong or correct.

I'm just saying that in hindsight good advice is easy and obvious. Making the calls in real-time is more of a challenge. Then we see the results are highly variable and imperfect.

In my case, late to the TPIV party I never had a choice at 100% gain, but obviously in hindsight I'd have loved to have sold some higher. But would have been unhappy if the rally continue to spike up without me. Always just a bet.

I like the strong fundamentals, reduced risk, and potential, so buy and hold makes sense also. Though this pull-back has been no fun to experience.