Simple concept- we roll the dice on a SmallCap stock, the stock spikes 68% and we sell for a $92 total profit. I motion we sell Abraxas while it sits at its 52-week high, bank the profits and move to the next one.
5 comments:
Anonymous
said...
Knowing when to sell a stock is just as important, if not more, than knowing which stock to buy.
I am not ready to vote on that just yet. Most stocks are up now with the DOW over 11,000. In the spring it was under 10,000. Should we consider selling another stock, they are probably close to their 52 week high too?
I hate to say it.. but this stock isn't just at it's 52 week, it's at it's 104 week high. I can't say no to a 70% gain and it's up 8% more today. Earnings are on Monday.. I vote to sell 1/2 of our position which would recoup nearly our full initial investment and leave us with some cash in the pot.
5 comments:
Knowing when to sell a stock is just as important, if not more, than knowing which stock to buy.
I am not ready to vote on that just yet. Most stocks are up now with the DOW over 11,000. In the spring it was under 10,000. Should we consider selling another stock, they are probably close to their 52 week high too?
I hate to say it.. but this stock isn't just at it's 52 week, it's at it's 104 week high. I can't say no to a 70% gain and it's up 8% more today. Earnings are on Monday.. I vote to sell 1/2 of our position which would recoup nearly our full initial investment and leave us with some cash in the pot.
I second the vote for half the position.
all right, ill third the vote to sell half.
Done...
25 shares at $4.43s
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