$310 seems like a pretty good out point. Wish I’d bought more when I made my purchase a few months ago. The hurricanes have made some other opportunities cheap (BRK/B), so I’m all in with that.
You realize that the absolute price of a stock means nothing don’t you? They could announce a 10 for 1 split tomorrow and the price would become $31 dollars a share instantly with nothing else changing. I am sure that they will split sometime in the near future. Berkshire Hathaway ($79,800 a share) is one of the few companies that lets its stock price get that high for psychological reasons. You could have made a good move but it wouldn’t have been because the price seemed insanely high psychologically. You have to judge them by the future of their business and not a superficial reason like absolute stock price.
Did you get a nosebleed from the EPS or something?
It’s seldom if ever wrong to take a profit.
Yes, of course. If you take a look at the expectations inherent in the share price, however, you’ll see that an extremely high (in my opinion, improbable) rate of growth is priced into the stock. Maeglin was more on the mark.
Incidentally, as I noted, I purchased a Berkshire class B share with the proceeds. I can’t believe how cheap they are, and have been recently.