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No. of Recommendations: 2
If you don't have a reason to own it then why own it?

He said,
would you keep a stock that looks cheapish

cheapish is cheapish

Cheap alone is not a good enough reason for me to own something like JNJ. They have higher regulatory risk, product risk, etc. I own Gilead for a while now, it is cheap and remained cheap, it is showing some life but.. I wrestle with the same problem. I reduced GILD to such a tiny position, it didn't matter whether I own or sell and I think there is $65 bottom. But I am not spending any time on that.

If you are spending time, obsessing about it, then cheap alone is not enough, you have to have a catalyst to justify owning. Again, there is no single approach or even one approach is superior etc. May be owning allows you to trade around the ebb and flow...
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