Quote:
Originally Posted by Vegas69
So I'm getting ready to make my 2nd buy. My oil and pharmaceutical stocks have done well, retail ok, and phone company not so much. Do I invest in my two performers or diversify? Do you sell the underperformers in and reinvest in another pony?
My initial thought is to invest in my top two performers on a low day and let the other two ride. If I was to sell, it would be the number 4 performer but I think it's to soon to consider it a trend.
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We all have opinion's right!
I would hold the course on what you have --- and add more names...
In all the years I've been doing this -- I've never --- let me repeat that -- NEVER had all cylinders firing at the same time... the loser today become a breakeven -- the winner becomes a ho hum - and some other stock is just killin' it.... wait 4 months and the same horses are all running in different directions.
AFTER you have at least 10 names --- then go back and build bigger positions....