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Author: Mliaom Big red star, 1000 posts Ticker Guide Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74  
Subject: Re: Sell Amazon? Date: 9/6/2012 5:23 PM
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Hi Joe,

Fine, don't sell. I knew you wouldn't want to sell, I was just testing my theory. :) I can't really argue with your reasoning since I'm thinking just about the same way. I did sell some of my position(only some, thank goodness) before earnings, I just got tired of taking huge hits (MAKO, CMG, BWLD anyone?) I did add to some positions since I subscribe to Tom E way of adding at better value point investing.

In all seriousness, AMZN is one company I want to hold for a very very long time (for me and my 2 year old nephew), I can see Amazon bigger, badder and better in 5-10-15-20 years or more. To me this speaks volumes, I'm not sure if that I can say that even about Apple. Now that's saying something. Yes, I have more conviction in Amazon than Apple.

You are absolutely correct about selling, that is easy, but getting back in is the key. I sold few shares at over $220 so now I hope to get them back below $200 which is quite possible but not guaranteed. This whole getting oput and try to get back in is not my cup of tea, every time I have sold something I regretted, so now I trade only 'around' my core position, never ever I sell all at once or buy for that matter. This is why I like your strategy, yes it looks beautiful to not have any losers in your portfolio, I know it's not realistic to expect that for ever, it sure looks amazing while it lasts.

Question, according to your profile, you only own Apple privately? One stock? If so, kudos! you are da man. That's one gutsy call.

Question number 2, what stocks do you have on your watch list, if you don't mind sharing. I have few on mine, but let's see what you have. I hate to get turned down all over again.(kidding)

Fool On!

Tony
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