Why would MM sell DUB/PBH?
Thanks for your ongoing excellent advice, however I was a little surprised at some of your 9 November sales, especially DUB and PBH, which sustained losses on sale of about 89% and 84% respectively (if my sums are right). Selling at the low points these stocks had reached seems counter-intuitive to me, as you have taken big losses and have not generated much in the way of funds for alternative purchases. And are you absolutely sure these stocks won't be significantly higher in one year or 2 years (or even 5 years) from now? One could almost suggest, that if one is going to sell 'dogs' at very significant losses. might it not be better to just place a stop loss just out of the 'noise', say 15% or 20% below purchase price, on every trade?
