Im staying put. I've watched almost 50% paper profits come and go. Reason? My target is higher than that and since i cant predict the market or a share for that matter, i decided not to sell. For eg. if you sold at 14.00, how do you know when to buy again? you dont know how low it will go and for how lonng, and you may even end up buying into the next rally at a higher price, so unless i wanted to divest completely(which i did not) it would have been a bad idea. In the long run the company will attain its correct valuation, way more than the 14.00 that printed. Speculation is so sweet, but its outcome is eventually painful
The investor's chief problem - and even his worst enemy - is likely to be himself