Jesse Livermore, thru his alter ego Larry Livingston, in Reminiscences of a Stock Operator, said something along the lines of "It was never my thinking that made me money, but my sitting" as well as "buy right, and sit tight." In other words, hold on to a rising stock and resist the temptation to sell a winner.
I bought WILCF, an ADR of an Israeli grocer, at a split adjusted $2. It closed today around $5. I've been tempted to sell many times along the way but didn't. I'm still holding.
courtesy of stockcharts.com
Monday, January 10, 2005
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