Don't know whether this relevant!? $BAL: How many people can...

Don't know whether this relevant!?

$BAL: How many people can hold from $1 to $15?

6: Be dynamic
It is nice in theory to buy shares at their lowest price and sell them at the very top. We all seem to have one friend or colleague that does that regularly. The fact is that it’s impossible to get anywhere close to that over a cycle. We aim, over time, to buy parcels of shares as we become increasingly confident in a business and sell them either as the price increases or be we lose confidence in a company. Over a 2 year holding period, we will make regular changes to our target weightings of any specific company relative to our overall portfolio.
For instance we bought into Bellamys (BAL:ASX) at listing at $1, saw it rise to over $15 and sold out the last of our stock at $8.30. Over that 18 month holding period we changed our weighting in the company on more than 30 occasions. Of course not all those trades were profitable but over time we did well for our clients. Think of an investment like sailing a yacht, even if you set off in the correct direction, you always need to be vigilantly watching for changed conditions and always need to trimming the sails and altering your course.