After taking a brutal beating on my company's stock, I decided to lower my basis by purchasing 285 shares at prices between $4.50 and $3.00. With it now priced in the $10-11 range, I sold 100 shares leaving me with 500 shares.
- At $6K, the position was a little large for an individual stock my portfolio. Generally, most of our investments are in mutual funds with $10-20K in individual stocks. For the most part, the positions in any individual stock are in the $1-2K range.
- Bulls make money. Bears make money. Pigs get slaughtered. Until you take profits by selling, you don't really have the profits.