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Author: 1Apocalypse Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 768  
Subject: Re: Should I sell?? Date: 5/11/2007 9:12 AM
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I'm new to Stock Advisor...should I hold what I have, buy more, or get out and look for a better stock??

You've gotta be real careful about selling with the intent to look for a "better" stock.

I bought AAPL stock before I joined Hidden Gems... at around $14. It sat at $14 for a long while, and being excited about my HG membership, and fully believing in the philosophy I thought I could do better and sold. At $14.

Did my HG subscription cure me of the belief that I could "do better elsewhere?". No. I bought MIDD, and thinking I found something better I sold it in the low $40's.

Another "mistake" I made was thinking that good ideas come only through the newsletter. Four years ago a friend pointed me to the Chicago Mercantile Exchange (CME), trading around $70. Wide moat, made sense to buy into the "system", but I thought I could "do better elsewhere", what with my new subscription to HG.

I'm not disrespecting newsletters, I'm still a happy subscriber. But my experience would suggest that you not sell unless you've got specific information that would cause you to change your mind about your initial decision to buy.

I've come to this board because of a piece of bulletin board news in our Doctor's lounge. It was about Avastin, and the piece was by an oncologist who was excited at it's prospects. If I read her correctly, all solid tumors utilize vascular endothelial growth factor, the binding of which is the mechanism of action of Bevacizumab.

-1A
strongly considering an intial investment in DNA
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