At an investment club meeting at which I was a speaker not too long ago, one lady raised the issue that has bedeviled investors since trading began: “When is the right time to sell?”
The simplistic, and completely useless, answer is when a stock is at a price it is unlikely to ever exceed. Absent a time machine, that’s impossible to know except after the fact. Given that the fortunes of the markets in general and specific stocks in particular are impossible to predict, here are some general rules you can apply in deciding whether to sell part or all of a position.
