Sold My Position in Dell

I used to be a big fan of Dell (DELL) which was a horrible mistake on my part. Nevertheless, any investor will have good ideas and dumb ideas. This was a dumb one.
I initially bought Dell in late 2005 around $30.50 a share and rode it all the way down to $8 earlier this year. When you’re down that much, the temptation is to say “Screw this” and sell out at any price. Fortunately, I fought that and held on for a bit more.
I decided to come up with a fair price and wait until Dell came within range. The fair price I chose was $15 a share. The stock recently hit it though I held out for a little more and sold today at $17.

It’s easy to talk about your winners but I wanted to share some of my big losers as well. Still, the lesson is the same and that’s not to let your emotions get the best of you.

Posted by Eddy Elfenbein on September 16th, 2009 at 12:56 pm

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