Take your rip and run. If you accept the fact that everything you see and hear is horseshit, you will never be disappointed. When your stocks go up, sell them. If they misbehave and go lower, sell them. There are very few reasons to hold them long term, since that method of investing has been proven to be ridiculous over and over again.
Sometimes I get caught up in the idea that “the next MSFT” is right around the corner–just like Grandpa Fly used to believe he was going to win the lottery.
Having said that, I am going to sell my entire EL position today, despite their phenomenal earnings report. I will take my win, mind you, and carry on (no VIZ).
EL represented 12% of assets, which will be parked in cash until I find a suitable replacement.
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NCT
second
At last, you appear before us,
FLY
All hail the ‘Fly’!
If it floats, flies or fucks…
It’s hard to imaging EL as the next Microsoft or Apple. There are some companies that are worth holding long term. Others where you takes your rips and buy the dips.
Congrats and really good advice.
I think we can all agree that Joe Biden is the worst…
August 14, 2012 11:25 am
Vice President Joe Biden told supporters that Republicans would “put y’all back in chains,” during a campaign speech Tuesday in Danville, Va.
VICE PRESIDENT JOE BIDEN: They’ve said it. Every Republican’s voted for it. Look at what they value and look at their budget and what they’re proposing. Romney wants to let the—he said in the first 100 days, he’s going to let the big banks once again write their own rules–unchain Wall Street. They’re going to put y’all back in chains. He’s said he’s going to do nothing about stopping the practice of outsourcing…
I just got out of my chains 3.5 years ago.
Didn’t follow you in EL but did the DECK thing – sold out as well, nice job. Still in AAPL, which is on cruise control.
If it flies, floats, or fucks rent it
I should’ve sold my YELP position last week. Fuck…
Told you VHC was goin lower
Bullish sentiment turned on a dime. Interesting take on things.
I’m dug in like a tick. Let them assail me. I have fashioned some lances out of flagpoles.
Glory to America.
With respect, I disagree with Le Fly. Until I have some confidence that we won’t see another flash crash, KCG fiasco, or just general 2min end of day meat-grinding supercomputer fuckery. 2mins is as long as I want to hold any stock.