tag:blogger.com,1999:blog-4886595570005494885.post6236466074252814245..comments2008-09-05T12:29:14.885-04:00Nurseb911http://www.blogger.com/profile/04974722323117696369noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4886595570005494885.post-91130709812934087542008-09-05T12:29:00.000-04:002008-09-05T12:29:00.000-04:00It&#39;s difficult for any investor to predict where they feel a stock will go over any time period and Chou like many others will have difficulty doing so. By selling at a 30% gain you always run the risk of missing out on an even larger capital gain if the stock continues to rise, but if it tanks and you didn&#39;t sell then there goes your hard work.<BR/><BR/>There are times when you hate selling a stock - take Russel Metals as an example. I recently sold it at $30 after a nice 36% gain plus dividends although I abolsutely LOVE the 6%+ yield and nothing fundamentally in my mind had changed. I just felt it was a prudent thing to do and may re-enter at another time as I use the proceeds to further diversify my DivG Portfolio. It could have gone much higher, but has since come back to under $27 and I would have easily lost a good chunk of money on it if I had held on. Now I&#39;ll wait for an attractive price to re-enter.<BR/><BR/>It won&#39;t always work, but as an investor you have to protect yourself from risk &amp; downside. Sometimes that means selling too early and at other times its just plain conservative investing.Bradhttp://www.blogger.com/profile/04974722323117696369noreply@blogger.comtag:blogger.com,1999:blog-4886595570005494885.post-80530889353017090882008-09-05T11:46:00.000-04:002008-09-05T11:46:00.000-04:00Thanks. <BR/><BR/>It's nice to see that I wasn't offbase in selling KEYN (at least in the opinion of others that follow a value philosophy).<BR/><BR/>I'm still holding out hope for NBD.<BR/><BR/>I appreciate your post on 30% today vs. 50% tomorrow. I currently own only one mutual fund in my personal investments: Chou Associates and Chou has mentioned recently in his letters to investors about "round trips". Stocks that have risen to 95 percent of what he deemed the fair value and then dropped back down again. In retrospect he feels that he should have sold. But really how could he know that would happen?<BR/><BR/>Anyways, thanks for the post.Philberthttp://www.blogger.com/profile/10454156659046037606noreply@blogger.com