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c000815
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The Pennell Group
  • 2010 Investing Lessons Learned 0 comments
    Dec 27, 2010 5:29 PM | about stocks: IOC, BYI, MFCB, IPGP, INFN, DSWL, LYG, CML

    2010 Has been a good year, but here are my biggest mistakes.  All classics which I could have avoided.  I hope to do better next year.

    Listed by symbol, and lesson learned.

    IOC/BYI - Avoid large risk/reward situtions avoid shorts / options, they don't work for me


    TTT Stay with corp actions through the process completion and allow time for capital structure to stabilize

    IPGP/INFN - Monitor gains and trim positions that grow above 5%

    DSWL - Monitor losses to validate/reject the original investment assumptions

    DSWL - Avoid obscure companies with poor track record even if PE/Div / price book
    look good, bad management!

    LYG - don't buy on impulse, do solid research and analysis EVER TIME

    CML - Take calculated risks and stick with them see below

    CML - For growth/tech type positions, be prepared to stick with them if they are potential acquisition targets

    Good luck in 2011
     
    Stocks: IOC, BYI, MFCB, IPGP, INFN, DSWL, LYG, CML
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