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Varchild2008 (85.90)

Profit Taking is for Wimps!

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June 01, 2009 – Comments (3) | RELATED TICKERS: F , BAC , C

Profit Taking is for Wimps!

Dow up 1,000?
S&P up 500?
Nasdaq up 10,000 pts?   

And all that in a single day?  And you want to profit take?

*Bah!* 
*BAH!* I say..... And I'll throw in a *BLEH!*

Cause Profit Taking is for Wimps!

Your stock wants to spin-off one of their businesses and after they spin it off.... What do you do?
You sell off all of your shares in the company that was spun off... cause you're scared!  You'd rather have the Cash... Cash is king right?

*Bah!*  Profit taking is for wimps.

Tons of Cadbury investors bailing out their share stakes in Dr. Pepper Snapple Group rather than enjoying the ride to ever increasing new highs!

SOHO investors dumping ChangYou cause they can't even understand what games the company makes anyways.....  *BLEH!*        *BLEH!  I say*

Cause Profit Taking is for Wimps!

An investor buys FORD (F)  at $8.00...  Then sees it slip to  $7.00.... Panic sets in around $6.00 and the investor Throws away their stake.... Thousands of investors dumping FORD till it crashes to $1.01 last December.  And why?? why did they do it?   Wimps!

Profit taking is for wimps!   FORD is back up to $6.00 and climbing.

Yes folks.... Those who stomache the Valleys...more often than not...enjoy the climb up...Like a Rock Climber enjoys finally making it on top of Mt. Everest after enduring all the pain it took to get there.

So next time you are sweating to the oldies 2 over one of your stocks... Just remember my phrase!
Cause.....Cause... you'll thank me later when you tell yourself...

PROFIT TAKING IS FOR WIMPS!

3 Comments – Post Your Own

#1) On June 01, 2009 at 2:21 PM, Varchild2008 (85.90) wrote:

Disclaimer!

Varchild is guilty of profit taking his stake in BAC awhile back....(hypocrite!!!)

Varchild also currently holds 215 shares of F.

Oh and this was totally in JEST..in HUMOR....I say.

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#2) On June 01, 2009 at 2:45 PM, dudemonkey (37.36) wrote:

Paying short-term capital gains tax at the highest possible rate so that 36% of your profit compounds for Nancy Pelosi is for Real Men. 

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#3) On June 01, 2009 at 3:48 PM, checklist34 (99.72) wrote:

that 36%+ state of your profit that compounds for the pelosi/obama welfare binge gives me heartburn.

I may just hold forever to avoid paying, lol 

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