From: "Elle" 
Newsgroups: misc.invest.financial-plan
Subject: Re: How to select individual bonds for purchase?
Date: Sun, 11 Feb 2007 19:36:56 -0600
Delivered-To: alias-moderators-misc-invest-financial-plan@moderators.isc.org
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	RyXi+BSw8Tqj8YaASZtC1sQhSOrky/9nXnVjAib9tPGNcJYITEAomQ==
	=SDBr

 wrote
> On Feb 11, 10:15 am, "Elle" 
> 
> wrote:
>> I leave my "gambling" to my stock picks, selling if I
>> don't like the fundamentals of a stock, and only selling 
>> at
>> a gain (even if it's only a small one).
>
> In the absence of taxes, one should buy or sell a stock 
> based on its
> expected return as of today, which does NOT depend on the 
> price
> originally paid.

> Someone who does not understand this basic principle
> of investing should not be advising others.

I love it when someone takes a sound bite, dismisses the 
context (which was important here--you totally muffed the 
meaning), and assumes it is the last word. :-)

For the slower witted, my comments above (1) are nowhere 
near my entire counsel for when to sell a stock; and (2) do 
not apply to an awful lot of people, since I deal almost 
exclusively in large value stocks.