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Could I get your opinions on LVS I bought at $3.00 and am thinking about selling now?
I have also heard we could have a lower that low market possibly again and was wondering what others think about this?
Thanks so much!
Newbie :o)
Dave
Answers
989 points
rvilmur answered 6 months ago …
Right now you have a triple. Since the market is vulnerable to a potentially large pullback, it would be prudent to at least take your original stake including short term captial gains taxes off of the table. This would leave you with an equivalent of a free perpetual call on the stock and you are in a can't lose position.
Others could say, don't be greedy and take all the profit now and look for another good stock. In the end it is your call.
435 points
larryat36 answered 6 months ago …
Sure agree with rvilmur. never let a profit turn into a loss. Personslly I would sell half now and guarantee a winner, but at least get your get your initial investment back and play with the markets money.
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