Nice charts Demian, thanks for posting those. Starting to "chart wise" come together isnt it.
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Nice charts Demian, thanks for posting those. Starting to "chart wise" come together isnt it.
Relmor I posted this earlier but you were likely on your phone call (thanks by the way for trying!)
Any thoughts about what I just did...
Relmor what's your honest opinion about this strategy:
Just sold 1/5 of my total core plus speculative position at .4195 and still hold all of my original shares that make up my core. I'm thinking I can buy back in lower and cheaper for that 1/5 back or maybe just some of it or if it does not go lower then who cares I'll ride it on up with everyone else... first time selling anything in a LONG time and feels like I just cheated on my wife
Not 100 percent sure right this second, but you may have just sold in no mans land. Well see.... Im not selling here personally.Originally Posted by dmo2424
Definately wouldnt touch your core. Did you sell your spec shares for a profit? CANT GO BROKE TAKING A PROFIT!!!. Old stock market addage(spelling) that might make you feel better if it turns out you cant buy back lower. Who cares, you play the next range. Keep alert!! DYODD. All IMVHO.
Thanks. Oh of course I made a profit... my speculative lot from a month ago. Made a good 80%. still have all of core but my break even point obviously just went up a bit with my sell. I may buy back asap... i'm just confused if I should lock in profits or average down... tough one but thanks again
Last edited by dmo2424; 04-16-2009 at 02:12 PM.
Average down? Kind of hard to do on 2 up days in a row my man. Your selling into the up, or holding shares should be the question. You can AVERAGE UP today, hehehe..
As you saw by selling shares. If it goes back under .40 cents, I dont think theres a soul alive who can tell you that honestly by friend. Too soon over .40 still.
yeah that's true. also it wasnt 180% it was 80% up but that's still something. I think I'll buy it back first chance I can... rather have this kind of problem dealing with profits than not though
Yes, when to bank profits is a great problem to consider. Better than worrying when and how much to average down. Peoples problems from now on should be, when do I sell, and do I rebuy? etc.... Hopefully everyone is already averaged down to a comfort level, and are fully loaded with shares, as I recommended.
TA wise, Demian makes a strong case. I would consider his advice as good as it gets for now.
That is it isnt it. I have averaged down where I am pure profit now for awhile.
My original plan was to take out original investment at some point and let the rest ride for at least a year before I start thinking of taking profits on that portion.
I took a little off already for wife placation. But I was trying to hold out on the rest of the initial investment. I am slowly breaking down. But not yet
I originally felt that we were going to be stuck under .39(edited because I think it was really .33) until 1Q. I had my ambitions checked. But When it flew above .40 the first time I got too excited and now am disappointed. I am still waiting for .60+ to take the initial out but not sure I am going to make it.
Last edited by airman; 04-16-2009 at 02:39 PM.
I'm a complete newb when it comes to trading but am I right in seeing that the resistance at .42 is breaking down right now?
