birds falling off their perch...., page-59

re: kellygirl falling off her barstool Director or not, when you own 3m-odd shares (12% of the company), you can't just sell at any time...you need an exit strategy...every large share portfolio should have one.

If I owned 3m SLT's (acquired at 20c) my exit strategy would be to reduce my shareholding by 10% for every 10 point rise, down to a final position of about 50% of the initial holding. This would eqate to selling approx. 1.5m shares between 30c - 70c, after which I would hold the remaining 1.5m shares indefinately. Now...in doing so, I would have made a $150K profit on my initial investment and still retain 1.5m shares....and I would do this regardless of how "good" I thought the companies prospects were.

Remember...shares are worthless until they are sold and the money is in your bank account! Even the best company can't avoid a plane being flown into their head office, or any other number of unforseen events!

Besides, people sell for all sorts of reasons. Just as long as the directors are not actively trading, around announcements, I'm cool with it!

Cheers!