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eik

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Alias Born 10/24/2005

eik

Re: my evil twin post# 12258

Monday, 03/12/2012 7:03:29 AM

Monday, March 12, 2012 7:03:29 AM

Post# of 17231
First you say that there are "a lot of underwater investors in this stock', then you favor "taking profits rather than continued holding". What profits? :) I don't think that AMEX alone will resolve all problems. And nothing is wrong with taking profits in any stock at any time. But there is a chance that announcement of AMEX listing will be followed by "something Big", as you call it. For example, appointment of new CEO; merger/acquisition plans; or something else. Besides, institutions & funds still own about 25% of USA shares, with Sprott Asset Management - almost 16% (underwater, BTW):
http://investors.morningstar.com/ownership/shareholders-overview.html?t=USA®ion=CAN&culture=en-us
So, the risk to be caught by "something Big" is rather significant for those who is selling now to reload later. Again, I am not defending "buy&hold" strategy, and I trade part of my position sometimes. Just not sure it's a good time now...

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