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Rockwell Collins Inc. Message Board

  • bbqguy260 bbqguy260 Mar 3, 2008 4:42 PM Flag

    Bend over skeeedadddyy, your holding

    long, way too long! Knowing when to sell is as important as knowing when to buy.

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    • Here is an old tale which teaches when to sell.

      During the Depression, a widow lived on a poor farm with several young children. The oldest was in his early teens. He was tired of eating rabbit he shot, so for Thanksgiving, he decided to trap a wild turkey. He set up a box with a stick, and a string to pull when a turkey walked in. He ran a bunch of corn around the area.

      Hiding not far away, he waited. Along came 7 turkeys, and one walked in, with another one close behind. So, he waited, and the second walked in, with a third one not far behind. He waited, and they kept walking in, one at a time, until 6 of the 7 were there.

      He waited for the 7th, but #6 walked out. He decided he couldn't settle for only 5, so he waited for #6 to return, but #5 walked out.

      Again, he waited for #5 to return, but #4 walked out.

      To shorten this story, the family ate rabbit for Thanksgiving.

      That is what a lot of investors, I mean speculators, do.

 
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