Comment Re:Take over (Score 1) 156
"The only shares I own"
You seem to have chosen to ignore one key word; I wrote "The only shares I own directly..."
I have a fairly diverse portfolio thanks, consisting of stock mutual funds, money market funds, bank CDs, and cash. My ESPP shares are a small -- very small -- percentage of my total investments.
And my company is a Fortune 500 company. While it's not unheard of, it's pretty unlikey it's going to run aground, especially with $11B in cash. As you alluded, the same may not be true of other companies.
So, while your advice is okay in the general sense, I'd put it in about the same general category as "buy low, sell high."