On October 19, last Friday, I did buy more. Bought some at $2.12 and then "after hours" got more at $2.22 because of the talk about a possible buy out.Well, just a few minutes ago it was trading at $3.11.That's a 47%gain and a 40% gain in ONE TRADING DAY!!!Why, oh why didn't I buy more?Question now is should I sell or hang on for more gain?
That's a 47%gain and a 40% gain in ONE TRADING DAY!!!Hi seldom958,While I'm glad that you were able to time perfectly the jump in Supervalu's shares, the risk now is that the buyout deal will collapse. Plus, the risk when you bought the shares last Friday was that it wouldn't happen at all.Why, oh why didn't I buy more?Pure hindsight. Ignore the feeling. If the opposite happened (no buyout, company goes bankrupt, shares worth $0.0001), you would be asking, "Why, oh why did I buy so much?"Cheers,Jim
Reminds me of one of the items listed in Morgan Housel's recent article;15 Biases That Make You a Bad Investorhttp://www.fool.com/investing/general/2012/10/18/15-biases-t...Hindsight biasOut of literally millions, only a handful of investors truly saw the financial crisis coming. If you disagree with that statement and respond, "No, any idiot could have seen it coming from a mile away," you're suffering from hindsight bias. Only after the fact do all the puzzle pieces make sense. That's why bankruptcies outnumber billionaires.Foolishly yours,blesto
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