GREY:XEBEQ - Post by User
Comment by
AlexDonovanon Nov 21, 2021 4:22pm
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Post# 34151027
RE:RE:RE:RE:RE:RE:RE:RE:Here's your morning laugh
RE:RE:RE:RE:RE:RE:RE:RE:Here's your morning laughI understand where you're coming from, and indeed it is a fallacy to sell based on your entry point. However, it's also important to rebalance your positions if they get too out of line. If XBC becomes a big position of mine (>$100K) then a 20% increase is certainly cause for pulling out and reassessing. Oftentimes, there can be more money made in the swings that in the long term hold. Especially when the stock is as predictable (in my opinion!) as XBC. That being said, I completely respect the long term hold strategy. Personally, for me, Xebec is not stable enough for me to buy and forget about for 10+ years. I might be forgoing some tremendous gains, and I might miss big upswings, but I'm at peace with trading that for small, repeatable, gains.
tamaracktop wrote: Sorry friend. You're exit point shouldn't have much to do with your entry point. It's either going higher or it's going lower. If you take a hit, you carry it back 3 years or forward indefinitely. Too many people base their decisions on their ACB. This is precisely what adds to supply overhead, when it actually shouldn't.