And I'm not selling. Another idea I often hear in the newsgroup is to sell on a split. Some investors have a rule that when a stock splits 2 for 1, for example, they will sell half in order to go back to their original holding while freeing up money to invest elsewhere. I'm of two minds about this. It makes some intuitive sense to cut your risk, although I'm not sure that it makes good financial sense.
Stock splits are like dividend increases.
They show that management is confident in the company's prospects and it is generally a positive sign. True, just because the stock splits doesn't mean it's worth more. But on the other hand, if management isn't positive, it generally doesn't split the stock. I admit that I rely a good deal on intuition and instinct to decide when to sell. I considered selling off 100 shares to lock in that gain.