Robert Freedland

Still Bullish on Graham Corporation

Excuse me that was "Opie" not user I meant to respond to.

Still Bullish on Graham Corporation

If you followed my other articles you will see that I sold my own GHM when it declined along with the plunging oil market. I view that as a 'fundamental' problem. Unfortunately, stocks that are associated with the oil industry are trading lower without any fundamental problems beyond the price of a barrel of oil. That is no small matter for stocks like this. In general, I stick with my own 8% loss limit after an initial purchase regardless of how much I like a stock. I have adopted this strategy from the CANSLIM approach.

Please read my September 3, 2008 post on Seeking Alpha....I sold my own shares at $87.02 shortly before the post was picked up. You can also read my own blog directly.

User268062---I don't manage anyone's money. I am an amateur investor and enjoy sharing some of my own observations with all of you.

Why I Bought and Sold Graham Corporation

OK, so you bought in the mid $30's and sold in the mid $50's. And then a few months later GHM closes at $101.97 (8/1/08). O.K., pigs are led to slaughter, but was your method outstanding for identifying the right stock and then your sell system lead you to sell WAY too soon?

I have done the same thing as well. Bought ISRG in the mid 30's and then sold when it hit $100. (stock is just over $300 now.)

I suspect that selling a stock is the toughest thing to do. Especially when you have a profit.