The Motley Fool said:Dump the promise peddlers Are you still...

The Motley Fool said:

Dump the promise peddlers

Are you still holding those pharmaceutical/technology/exploration companies with lots of promise but has yet to make a decent profit? Biota Holdings Limited (ASX: BTA), Mesoblast Limited (ASX: MSB) and Ceramic Fuel Cells Limited (ASX: CFU) may have exciting, even hugely profitable, futures, but you are paying a price for this excitement.

Trade up to better quality

Have you considered selling Qantas Airways Limited (ASX: QAN) trading at a P/E of 10, and using the money to buy Flight Centre Limited (ASX: FLT) trading at P/E of 9? How about trading in Myer Holdings Limited (ASX: MYR) for JB Hi-Fi Limited (ASX: JBH)?

The current market not only provides good opportunities to pick up quality shares at a good price, it is also a good opportunity to get rid of mediocre shares and purchase quality shares.


http://www.fool.com.au/2011/10/investing/give-your-under-performing-shares-the-sack/