You're right..but I'm playing it cautiously. I am entirely prepared for this week's trading to be underwhelming, and then I will be thrilled to be knocked out of my seat.
I must admit, however, that watching those runaway days last week, was exhilirating. Personally, I have never watched a stock run that way. But still, I don't want to get to the point where that is what I come to expect on a regular basis. We've had a couple of exceptional runs, and that alone is enough for me.
I also know that for every parabolic run, there will be a pullback. Profit taking will be a big part of this stock's trading, until the day the trading halts, and the stock reopens with it's new ticker. After that, there will still be profit taking. It's a fact of life. It may well edge higher, but none of us has a crystal ball.
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One of my favorite quotes:
If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.
~Bernard Baruch
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