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Sunday, June 21, 2020 1:33:46 PM
While I can understand what you're saying my belief is that many Analysts do much the same thing by lowering their rating from buy to hold when a stock reaches their target. My preference is to reassess the stock when a particular target is reached, if you think the upside potential diminished, fine, sell some, or lower your rating, but if you still view the upside potential as great, raise your target, then reassess when you meet the new target.
Frankly I believe the potential here is so great that you might reassess right up to double digit dollars in a few years. Certainly nothing goes straight up, their will be dips, and if you're a traded, and trading in and out, I'm fine with that. My only point is that if you still believe in the potential, why sell out a substantial part of your position.
I like to play craps. When I'm on a hot roll, have taken a fair amount of money off the table, I sometimes get a premonition that 7 is about to hit. Sometimes I'm right, other times I'm wrong, I rarely act on such premonitions as if I'm wrong, I could make a lot of money if I remain involved. In a hot roll I'll have lots of money on every number, each paying odds as they're all placed bets that I've gradually build up, when I reach that point I'll put some money on the Horn so even crap rolls pay me, only the 7 ends it. I'm much the same in stock, as long as I see the upside being positive. I certainly don't win most times I go to the crap table, but when I do it can make up for several times when I've lost.
I believe that PCTL has set the table, we have money on all the numbers, but we get to ignore all the 7's, the numbers will just keep coming. We just have to wait for it to happen and collect our money.
Gary
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