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[sharechat] a cautionary tale?

From: Stephen Judd <>
Date: Tue, 24 Feb 2004 21:00:11 +1300

I thought this might stimulate some discussion on the perennial topic
"when to sell".

Here's my tale.

I started buying shares for the first time in June 2003.

A month ago I was feeling very clever indeed. My mixture of BCA, DPC,
POT, MHI, WRI and WHS was up 14% + dividends - not bad for a beginner.

Today I sold WRI and WHS, anticipating further decline, at a 13 and 15%
loss respectively. I'm still in the black overall, but not feeling
nearly so clever.

I'm guilty of having abandoned my own plan, which was to follow the
maxim "sell if you're confident you can buy back in later at a better
price". I actually did think that about two weeks ago, and should have
acted then.

Since I'm still in experimental mode, I haven't committed all that I
might to the market, so it hasn't been as hard a lesson as it might have

On the menu for investigation: GPG, HQP, FRE, MFT, RNS, PVO, buying more
MHI should it dip, and learning more about ASX stocks.

Stephen Judd <>

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