One of the biggest mistakes a person can make when investing in the stock market is forgetting about a past winner. For whatever reason, it’s human nature to take that 10%-20% gain in a stock rather than risk the chance of losing it. When you take gains prematurely in a position, you lose valuable time researching other ideas; and the winner you left behind will, almost always to your dismay, have made some absurd move higher by the end of the year.
Even worse, the big move happens right as you sell, almost as if the investing gods are trying to punish you. So, let’s not make that mistake. I am adding to Facebook ($FB) on any pullback, and $70.00 is my near-term target.
Update: Facebook Up 13% (Total) Since Call