excellent points you make GAJET, for me I only invest a small portion of my portfolio into specie stocks never more than 5%. the risks are too high and the fluctuations can cause too much grief.
The rest I try to invest in stocks that are a know qty in terms of their dividends/growth etc.
Like you say taking a profit on fav stock like blue chip is risky because you have to time when to buy back in, eg recently I sold JBH at $54 because IMO it was over priced, only to see it go up close to $60. Fortunately my buy in was less that $44 and I only held 500.
I did similar with BHP and now starting to buy back in as price is $3 down from my sell price.
Currently i have a very small exposure to RDN because not sure about LiO2 prices etc.
Daily Discussion, page-4539
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