Sell Discipline
In order to capture the benefits of earnings acceleration, we must enter the cycle early. Thus we initiate a probe position of 1%. As our conviction grows, we increase the position to a full weight of 3-5%.
We sell stocks when target price is attained
or earnings disappoint.
Stocks are sold when target prices are met, our thesis for earnings acceleration deteriorates, or to make room in the portfolio for a stock with greater upside potential.
Cash will fluctuate depending on idea generation and sell discipline.
