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Investors Title Co. Message Board

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  • astral_tsar astral_tsar May 9, 2006 12:22 PM Flag

    the price at which I bail out

    I think you're right. If I I sell some shares for a "trading profit" around 50, the stock will probably shoot up to 70.

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    • My current ITIC position is about 7/8 of its all-time maximum size (measured in shares).

      My personal goal with regard to future ITIC share transactions is not to sell unless I really, really think that the price per share that I'm getting for the sale is more than the value of a share--in other words, to avoid thinking this way: "I'll sell for 50, not because I think a share is worth less than 50, but because I hope to rebuy below 50."

      I really do believe that selling for 50 now will be regretted a lot in (...pick a number...) 2010.

 
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