Buying and selling stocks between meetings
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Buying and selling stocks between meetings My club is interested in know how other groups handle buying and/or selling stocks between meetings. Do any of you have procedures that you follow? Hi Janice, As enticing as it may be, making snap decisions between meetings is akin to trying to time the market, and most clubs try to refrain from such practices. This is not to say that a stop limit order can't be used if you think there's trouble brewing with a particular company. We often will place a limit order to buy a stock of it falls below a certain amount. But those decisions are made at the meetings, after a full discussion. This is a difficult time to be sitting tight until the next meeting. The big market drops of the month lately seem to be coming on our valuation day! But as long-term investors, we purchase high quality stocks with bright future prospects and we know they will survive these turbulent times. Lynn Ostrem, Vice President and Education Chair Crow River Investment Club garbagecop@gmail.com www.bivio.com/crowriver |
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