March 31st, 2014 10:14 PM by Eric Fang
I am preparing myh 2013 tax returns now. And I found that I only made one sale last year.But it was a big mistake.
In Sep 2013, AA was kicked out of S&P500.And the stock price was around $8.20.That was my purchase price as well.When the news was out, I thought there would be no future for this stock, so Isold more than xxk shares of the stock.If I kept this stock till today, It was up 50% after it was kicked out.If I kept this stock, my performace would be 5% to 10% better.
So this year when I heard the bad news aboutJPM, I gonored it, and it hit the record high;When KO had the bad news, and went lower to $37, I did not sell. When T had teh bad news,I did not either. You can hold hese kind of stockslonger enough for it to turn around.
My biggest turn around story is MU. It was apig for a long time, always traing around $6-$8until it went over $20 recently. So I rememberedBuffett said we should not watch the stocks daily,since we do not watch them weekends.