C/NET (CNET)

[ThePennyDoctor]

Yeah, 50% is a stretch goal. 30% would be more in-line with past moves.

I always take profits as I trade - one of the reasons I have been in this game a long time. On a gapup, I will always dump a few shares to lock in some lunch money. Then, I see if it is going to run or dip. If it runs, I use a trailing stop, and sometimes buy more on the way up if it looks like it has a lot of room. If it drops, I sell more, and then put in a stop at my ACB. I like to be conservative - sometimes I don't fully capitalize on big runs, but that's OK, b/c I also don't get killed on crashes. Most of my hits come from gap downs (can't avoid unexpected bad news sometimes) and halts (I play the OTC heavily and and also got caught in the NEWL halt on the Nasdaq this year; to manage halt risk on the OTC, I just limit the amount invested overnight - OTC has been crap for the most part since April though and tickers like CNET, DGLY, TKMR, GPRO and various IPOs have been my bigger money-makers).