Friday File: Earnings updates from Tech-land, Brooding over Markel, and a note on Royalties
by Travis Johnson, Stock Gumshoe | August 4, 2017 7:00 am
Notes on AAPL, CRTO, SHOP, SWKS, YTRA, MMX.V and more
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Source URL: https://www.stockgumshoe.com/2017/08/friday-file-earnings-updates-from-tech-land-brooding-over-markel-and-a-note-on-royalties/
Travis: re Markel-Are you using Tradestops? If yes just stick to the stop loss advice. If not, and nervous, take out your original investment or half current holdings and just let the rest ride… no loss of sleep this way.
I don’t lose sleep, but I’m mindful of the fact that I want to own Markel in 20 years and expect it to be dramatically higher — so as important as selling and protecting profits is how good will I be at getting back in if I do in fact take some profits off the table at what seems to me to be a too-high valuation? It’s easier for stocks where I don’t have a lot of conviction about their long-term prospects, but much of the stress comes from watching a stock too closely because, well, that’s what I do all day — watch stocks.
So if you want to own it why stress?
Position size too large?
Buying back in is automatic. After you have sold it, put in a buy at the price you would be willing to buy it. Stink bid.
Every ninety days you just roll the stink bid over.
Off topic: Have a safe and sound well-deserved ride Travis. I know it’s a charity ride but I’m sure it will be great fun.