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02-14-2013, 04:19 PM | #11 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
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Quote:
The other side of my equation was that, in an Alcoa type of situation, I would buy back the original shares if the price dropped back down to the original purchase price. I haven't had the discipline to do that yet because I've always found another shiny stock beforehand, but in theory it seems like it should work. Ride the stock up, sell the original investment amount high, and then just invest it right back if it goes back down. If it keeps going up you still get a little piece of the action with the profit that you've left in it. The model only seems to break down when you buy GE and it gets on a train south and never comes back.
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