Time to take some chips off the table. | ABM Message Board Posts


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Msg  9 of 10  at  3/27/2014 9:17:47 AM  by

PinewoodsBear


 In response to msg 8 by  PinewoodsBear
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Re: Time to take some chips off the table.

Glad I did sell those shares . The stock is now trading one dollar lower four months later. $28.10 .

This stock has to continue to grow and do well with its current P/E or else the P/E will shrink and the stock will trade lower.

But as I posted back in Nov., got my original investment back plus a small profit and let the remainder "free" shares run. I have done this many times with other stocks. Most of the time by a long shot, the stocks continue to grow over the years and pay out dividends. Sometimes I do sell off my "free" shares ... and perhaps I will do this with ABM .. but not yet... and maybe not ever. I do not believe in Buy and Hold being "Buy and Forget" so I keep tabs on all my hold stocks.

***PinewoodsBear***


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