[MalcolmSm1th]

This is my personal view on the matter and it may differ to other peoples' views but since I believe that this is all subjective I don't think that there is a right or wrong answer.

I don't have a target. I get out for one of a number of reasons:

1. My stop loss is hit. In that case it's a complete sale of that stock.
2. If I have hit my personal limit of number of stocks held (which is ten, by the way) and then something good comes along then I sell one to make room.
3. If I get nervous about the market then it's a sale of everything.

Note that in the above situation I don't selll half, my initial stake or whatever. I am in until I am out. The reason that I don't have a sale of a part of a stock is that then if I am at my limit of stocks then I can't do anything with the loot.

Yes, I will go into stocks for a second tranche when it's called for. And a third or even a fourth lot but if I have to sell the whole lot goes.

I don't believe in targets where one sells a portion. If the stock demands selling at a certain point then it deserves to be gone totally. If you think that the stock will continue to rise then what's the point in getting out?

I go for the Simple Life Philosophy; get in and stay in until it's time to get out and then get right out.

That's my method and it works for me. It will be interesting to hear of the view of the others on this panel.

Malc