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Intersections Inc. Message Board

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  • charkie.hale charkie.hale Sep 17, 2012 9:46 PM Flag

    why there us no one here?

    I cannot really put a “sell” price on my shares. I know some people do because they want to be “mechanical” about it. “At this price, I sell, no matter what”. That takes all the “emotion” out of the equation. I tried a system like that for awhile. You use all these exacting formulas to determine at exactly what price to buy and to sell. I always felt I could do better, and I think I have.
    So, if INTX creeps up over the next year to 15, 16, or 17. I still can’t say whether I would be buying or selling. It would depend on what the fundamentals looked like at that time. If earnings were growing, the dividend looked secure, and the business looked good, I might hold or buy a little more. But if earnings growth was shrinking, profits were down, etc. etc. I would probably be selling some. Now, if it “spiked up” to 16 or 17 tomorrow (very unlikely) I would definitely sell. There is usually some easing off of the price, profit taking, trending lower, until the next “spike”.
    Right now, I am in what I call “accumulation” mode with INTX. As long as the outlook is good, I’ll “nibble” on the dips. Another characteristic of mine is that I buy in little bits and SELL IN BIG CHUNKS. I once owned a stock that I ended up with 3500 shares. But I “accumulated” those shares over an almost two year period. Most of the time in the red, I became very discouraged and would have sold out and took my lumps, BUT THE FUNDAMENTALS ALWAYS LOOKED GOOD. My patience paid off, because when it started to rise, it did it slowly over a few months, then it started to spike up 8, 10 or 12 per cent at a time with a down period or “base building” after each spike. Although I had never bought more than 200 or 300 shares at a time, when I sold it was 1700, 1000, and 800 at a time.
    Good luck to you and all INTX investors.
    Sentiment: Strong buy
    Disclaimer: I do not offer any investing advice. I only relate what I do and what works for me. I make no claim whatsoever that anyone should do the same as me. Everyone has a different background, ideas, and comfort level. What works for one person may not work for all. I offer only “ideas”, you must learn what you are comfortable with and what works for you by trial and error.
    GLTA,
    Cholly

 
INTX
3.53+0.03(+0.86%)May 22 3:59 PMEDT