Hi friends,
One of of the trickiest things about being an investor is knowing when to exit or trim a position. You want to let your winners ride and give you the big gains, but you also don’t want to hold so long as to give up all the potential gains you had - it is hard to know.
I am facing that with LMB:
I am in on this one at an average of $6.85 and am up 470% right now - do I sell all, trim, or let it ride out? I think it can go higher, but I also feel it is fairly close to fair value so the upside is not as high.
I am leaning toward trimming half on the next strong market day, but I will likely regret it either way - I should have sold all or I should have waited, lol.
Another tricky part is finding something I can get excited about - not much out there at the moment that I really want to buy as a replacement.
Dilemmas, dilemmas.
Thanks for coming by,
Brian