I don't post my philosophies to try to influence people. I am merely sharing my ideas for others to comment on.
This is an open discussion about cutting losses witihin the context of buying fundamentally sound companies. Challenging the logic of this idea is what this thread is about. I will not support name-calling or bashing. Those posts that cannot stay within this framework will be edited or deleted. PS - I don't think we need to worry that other members are going to follow any particular strategy to their own harm. That's a straw man argument, as altruistic as it might seem.
Then again...if someone doesn't really understand why a company makes money or if they don't understand a business model or if they don't understand product development and product life cycles then maybe they should cut their losses if a stock moves against them. What I want to know is then, why did they buy the stock in the first place????
$$$MR. MARKET$$$ once again displays his market dominance. I sold CLSR today at 35.14 . Remember I bought it at 30.45 on Oct 31? That's a 15% gain in only 3 weeks!! Can you do that?? You? You? You? See how HUGE I am. I use a computer model that I perfected in graduate school. Picking stocks for me is about as difficult as turning on my TV. But only $$$MR. MARKET$$$ knows how to use it. You cannot bench press 385 lbs or hit a golf ball 300 yds right down the fairway. You cannot drink a case of beer at one sitting. That's ok, we all have our individual talents. What this all means is that we can have Thanksgiving for the fact that $$$MM$$$ will be generating another fantastic winner in the next few days. I am HUGE!!! Bring me your finest meats and cheeses!! $$$MR. MARKET$$$
3 weeks to make 4.5 points is ridiculous.... Too long to make money... You should shoot for a point a day to keep the doctor away...