Citibank, buy, sell, hold, juggle with chainsaws?

Posted on Aug 26, 2009 by WHC Bassetti in Letters

Here is an example of mismanagement of a position because of failure to follow Basing Point procedures.  Also a little of Ahmed's Dilemma was involved (i.e., whether to trade or ride the trend).  We bought C close to the bottom in March and sold it in late June for a decent profit.  That was not smart.

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