I have seen about 4 to 6 sell recommendations (without going back to check the exact number) in the past week or so across the 3 services I subscribe to (Stock Advisor, Rule Breakers, and Hidden Gems). This is a big increase over what I had noted in previous months as a Motley Fool subscriber.
I postulate that there may be at least a slight influence from Saul’s overall philosophy at play here that may be propagating a bit through Fooldom, that philosophy being to not be overly patient to wait around hoping/wishing for a turnaround if a company is a definite dud.
As we have seen, TMFTomGardner does check out this board periodically, so perhaps he’ll happen to notice this theory/postulation of mine.
Being more willing to sell might have something to do with the number of recommendations.
It is not easy for advisors (and perhaps new members also) to continue to provide analysis of all the stocks they ever recommended now that it is running into hundreds of stocks. So selling off low conviction stocks eases some pressure on them, and hopefully free up their time for more interesting stocks.
So selling off low conviction stocks eases some pressure on them, and hopefully free up their time for more interesting stocks.
That is exactly what I have been doing for the past 6 months. Sell off my low conviction and adding to my higher convection ones. I made a rule to sell two stock for every new stock I buy. When I sell something I try to reinvest those dollars in one of my stocks currently held.