I had ample opportunity to sell out of ANGI when it was above $12. Now that the company has decided to suck, I am left with only one option and that is to sell. This company should be take over in the most hostile way possible. If I was leading a consortium of investors to take this company over I’d make sure that management paid for their sins. Sadly, I am not leading a group of vindictive investors, hell bent on ‘revenge trading’, so I must sell. The good news is the position was very small, like a inconspicuous side table in a room filled with decadent furniture. You hardly know it’s there, unless you look for it.
All that aside, everything else looks fairly peachy. However, in light of ANGI’s explosion, I think you should be mindful of riding positions into earnings. If you’re diversified and have a longer term approach, ignore my warnings. But if you are the degenerate, vagrant sort of investor, heed them with every fiber of your existence.
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