Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
(12-07-2012, 02:28 PM)smallcaps Wrote: It might exist (right time to sell) but I personally have not learnt how to do it after investing in penny stocks for more a decade...
Just my opinion, that maybe it's more important to know when NOT to sell, assuming much effort was put into selecting the company for investment in the first place.
It is irrational to assume the effort you put into the selection, will make the stock more valuable i.e. NOT to sell
The decision to sell, or NOT to sell, should depend on fundamental, rather than depend on buying price, effort and emotional factor of the stock
Of course, to understand that is easy, to execute is difficult. 
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation:
7
(12-08-2012, 11:08 AM)smallcaps Wrote: Here's a recent example regarding Valuetronics:
1) Directors sold off 26 mil shares in March at 24 cents.
2) Q1 results ended 30 Jun reveals termination of licensing business due to losses.
3) Target price gets downgraded by KH from 31 cents to 16 cents.
Sorry, think may have caused some confusion. Just to clarify that I meant that a good time to sell it is when the directors sold their shares.
Posts: 1,733
Threads: 21
Joined: Sep 2010
Reputation:
31
I will sell when I buay tahan the performance. Since performance is relative, the non performing stocks will stick out like sore thumbs.
Or someone forces me to sell aka delisting offer.
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation:
17
(12-08-2012, 11:32 AM)smallcaps Wrote: (12-08-2012, 11:08 AM)smallcaps Wrote: Here's a recent example regarding Valuetronics:
1) Directors sold off 26 mil shares in March at 24 cents.
2) Q1 results ended 30 Jun reveals termination of licensing business due to losses.
3) Target price gets downgraded by KH from 31 cents to 16 cents.
Sorry, think may have caused some confusion. Just to clarify that I meant that a good time to sell it is when the directors sold their shares.
Most of the times are correct. But this time maybe some of the directors need some cash for their own reasons.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation:
7
(12-08-2012, 11:22 AM)CityFarmer Wrote: (12-07-2012, 02:28 PM)smallcaps Wrote: It might exist (right time to sell) but I personally have not learnt how to do it after investing in penny stocks for more a decade...
Just my opinion, that maybe it's more important to know when NOT to sell, assuming much effort was put into selecting the company for investment in the first place.
It is irrational to assume the effort you put into the selection, will make the stock more valuable i.e. NOT to sell
The decision to sell, or NOT to sell, should depend on fundamental, rather than depend on buying price, effort and emotional factor of the stock
Of course, to understand that is easy, to execute is difficult.
Think my post was probably too vague (not very good at expressing my thoughts, i guess).
What I wanted to highlight is the level of conviction one has in a stock. It is IMO important to realize at which level that conviction should be (maybe from a scale from 1 to 5?), especially when pitted against an environment that is shouting at you to sell your shares.
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation:
17
There are actually many reasons to sell for each of us. But no matter what's the reason, the best is when we sell, we should have a profit. That is the gist of selling. MHO.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 38
Threads: 3
Joined: Apr 2012
Reputation:
0
Posts: 103
Threads: 12
Joined: Oct 2010
Reputation:
4
Anyone practises selling
when the counter reaches 52 weeks high? If there is sustained volume, just continue let it run, sell when volume is falling? If it is a value stock, buys back again when the price drops again.
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation:
7
(13-08-2012, 07:59 PM)nitro Wrote: Anyone practises selling
when the counter reaches 52 weeks high? If there is sustained volume, just continue let it run, sell when volume is falling? If it is a value stock, buys back again when the price drops again.
Not me but Walter Schloss considered the opposite when buying (Rule 10):
http://www.scribd.com/doc/80466887/Walte...-Investing
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation:
17
14-08-2012, 10:53 AM
(This post was last modified: 14-08-2012, 10:56 AM by Temperament.)
(14-08-2012, 02:00 AM)smallcaps Wrote: (13-08-2012, 07:59 PM)nitro Wrote: Anyone practises selling
when the counter reaches 52 weeks high? If there is sustained volume, just continue let it run, sell when volume is falling? If it is a value stock, buys back again when the price drops again.
Not me but Walter Schloss considered the opposite when buying (Rule 10):
http://www.scribd.com/doc/80466887/Walte...-Investing
One possible way is:-
We can let our profit runs and runs by setting a 5-10 % stop loss for internet trading sell order.
But unfortunately we still can't set our own sell stop loss order.
We still don't have this feature in SGX. Right? 
Does HK. EXC. have it?
Don't trade in HK. EXC.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
|
Homepage
PR Newswire
