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Investors Title Co. Message Board

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  • astral_tsar astral_tsar Jan 27, 2005 4:04 PM Flag

    Heading Down!

    Enh. Not really. I mean, sure, it would have been nice to get out at $42 and back in at $38. But I'm not a trader, and the spread in this stock makes trading an expensive proposition.

    My planned selling price is $65. Ten times earnings plus cash and securities in excess of liabilities. I think that's a realistic price and I'm willing to wait for it. Of course I wish it would zoom up there in one long rally, but that rarely happens ... at least to the stocks that I buy.

    • I hope you never get the chance to sell--not because the stock's price doesn't rise, but because the fundamentals keep up with the price, leaving you to conclude that it's not a sell, not a sell, not a sell,... as it goes higher and higher over the years.

 
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