Re: [CANSLIM] Selling - Emotional Attachments.

From: "Charles & Lois Layne" <lelayne@earthlink.net>
Subject: Re: [CANSLIM] Selling - Emotional Attachments.
Date: Wed, 23 Jul 2003 07:43:27 -0400
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  ----- Original Message -----=20
  From: Chuck Dreier=20



  I've found that I get emotionally attached to some of the stocks that =
I buy, and that has delayed when I sell.  I'll hold too long because I =
"like" the company or the product they sell.  I've seen it happen with =
Garmin - I own 3 of their GPS units and just like the company.  I held =
KVHI for basically the same reason.

  Don't know if anyone else has had the same realization, but I thought =
I'd like to share it with the group.


I think this is a good realization.  I have done the same thing to both =
greater and lesser extents.  My all-time favorite remains Heartland =
Express (HTLD).  [I currently own none of their stock, so my comments =
are hopefully 'neutral'].  At one time, it was the longest held issue in =
my portfolio.  I have always sold at a profit, but would have done =
better throughout the years if I had sold during the stock downturns and =
rebought at lower prices instead of maintaining a buy-and-hold attitude. =
 But I liked the company and did not like to sell out. =20

There have been others along the way when I became enamored with the =
company and ended up with a loser stock.  Like you say, one has to work =
at weaning away from emotional attachments in order to better succeed in =
the stock-market place.


Chuck Layne


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<BLOCKQUOTE dir=3Dltr=20
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  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dchucknsc@mindspring.com =
href=3D"mailto:chucknsc@mindspring.com">Chuck=20
  Dreier</A> </DIV>
  <DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial =
size=3D2></FONT><FONT=20
  face=3DArial size=3D2></FONT><BR></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>I've found that I get emotionally =
attached to=20
  some of the stocks that I buy, and that has delayed when I sell.&nbsp; =
I'll=20
  hold too long because I "like" the company or the product they =
sell.&nbsp;=20
  I've seen it happen with Garmin - I own 3 of their GPS units and just =
like the=20
  company.&nbsp; I held KVHI for basically the same reason.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial size=3D2>Don't know if anyone else =
has&nbsp;had the same=20
  realization, but I thought I'd like to share it with the =
group.</FONT></DIV>
  <DIV><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV></BLOCKQUOTE>
<DIV dir=3Dltr><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV dir=3Dltr><FONT face=3DArial size=3D2>I think this is a good =
realization.&nbsp; I=20
have done the same thing to both greater and lesser extents.&nbsp; My =
all-time=20
favorite remains Heartland Express (HTLD).&nbsp; [I currently own none =
of their=20
stock, so my comments are hopefully 'neutral'].&nbsp; At one time, it =
was the=20
longest held issue in my portfolio.&nbsp; I have always sold at a =
profit, but=20
would have done better throughout the years if I had sold during the =
stock=20
downturns and rebought at lower prices instead of maintaining a =
buy-and-hold=20
attitude.&nbsp; But I liked the company and did not like to sell =
out.&nbsp;=20
</FONT></DIV>
<DIV dir=3Dltr><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV dir=3Dltr><FONT face=3DArial size=3D2>There have been others along =
the way when I=20
became enamored with the company and ended up with a loser stock.&nbsp; =
Like you=20
say, one has to work at weaning away from emotional attachments in order =
to=20
better succeed in the stock-market place.</FONT></DIV>
<DIV dir=3Dltr><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV dir=3Dltr><FONT face=3DArial size=3D2></FONT>&nbsp;</DIV>
<DIV dir=3Dltr><FONT face=3DArial size=3D2>Chuck Layne</FONT></DIV>
<DIV dir=3Dltr>&nbsp;</DIV></BODY></HTML>

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