[Daws1089]

Originally Posted by Kevin

Im a buy and hold guy so my answer wouldnt do you any good, HOWEVER, if the stock moved on valuations I'd continue to hold.

If it was moving fast on SPECULATION, I'd dump it once it went up 50% or so.

I knew guys that had IRA's go up 100% back in the tech boom around 1999-2000 that didnt sell.

What the hell were they waiting for? Why not lock in profits.

Each situation is unique, but at some point, Id either take it off the table at around 50% gain on a speculative stock or sell off all that i had invested and let the profits ride. Hell, I'd sell off some of the profits too to assure that I made a gainer out of it.


Lastly, I had a chance to buy in on google early. I got some and sold once it went up a bit. Im ok with that. I could have made a couple hundo a share off it, but I was happy with the gain. Google is a cinderella story. For every Google, theres 10 other stocks that went up and then back down when one should have locked in profits (imo)

The bottom line is that whatever your decision may be, it's one that you have to be able to sleep with each night.

One should always keep things in perspective that in all candidness, 12% is a nice return for a year. Once I get up into the 50% range I start thinking it's time to get out.

Conversely, I bought CMG in the high forties and its bombed up to 85 or so which is a 100% profit, AND I AINT SELLIN' cause their business is strong as anything I've seen in my lifetime.

I guess everything is unique and there is no general blanket statement that can be made re: stocks.

It sure is fun shit!

CMG is one hell of a stock. they should be splitting and going up to 80 again in no time. I'm actually trying to start a franchise here in my hometown with CMG. great food, great management, great business. Smart man to hold on to that sucker.