02-18-2017, 07:48 AM
gymchamp - I agree on buy and hold, I'm just saying there's a limit. There are a lot of quality companies that dont succeed. Kodak, Lehman Bros, Enron, MCI to name a few were quality in their day. Rewind to 1996 and who would have ever thought Yahoo would be where it is now? There's a difference in selling because stock price slumps and because the business slumps. I simply dont have faith that Gilead has a strong growth strategy and my money is finite. I'd rather put it into a company that does.