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The Volatility Is Killing Me: Explaining My Sale of Expeditors International
Why did you buy EXPD?
If you bought EXPD because of the fact that it has consistently above averages returns, has a competitive advantage with its world wide network and good management then why the hell did you sell it so shortly after buying it at a loss? A company with a history of great numbers is going to have its ups and downs, you can't expect such a short holding period to reflect the true value in this stock.
You elude to the fact that you find its numbers "intriguing" but then you sell it shortly after purchasing it. This tells me that you are either way to emotional about your investment to let the numbers speak for themselves in the long run, or you are not confident about your ability to read these numbers and feels the market is hence they might know something you don't know.
Selling when you did at a loss did not "limit your loss" it "limited your growth", in my opinion.
Dec 21 05:53 PM
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