Wednesday, May 01, 2013 10:40:18 AM
everyone makes their own decisions though. When you do, that's when you start making money.
I did not sell. But I also do not have as many shares as I wanted. Still waiting for the opportunity to raise money by selling something else.
No ride is straight up. most of the smart long money will trade around their core positions. Take 10-25% of your position and sell when you see a pullback starting and then rebuy lower so that you are lowering your overall cost base. Watch the 30 day rule though if it is in a margin or cash account. No losses allowed if your rebuying within 30 days. all your doing is adjusting your ACB.
On a quick moving stock like BBRY, try to get back in quickly (within hours) if you do sell some traders. I personally don't sell traders on BBRY unless I am sitting in front of the screen with my finger on the buy button.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
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