GTEC. R59, what is your sense of FV here and what are you basing that on? And then there is the short term trading question of which scenario concerns you the most? The fear of losing potential profits in a blow off spike from momentum traders which could push the stock price much higher? Or the fear of losing money on a significant pullback in price which becomes more likely every day that it continues to surge higher?
My target for FV looks too conservative since it blew through that price range earlier last week. But there is no crystal ball and if I'm true to my process, once I've seen a price target achieved that I think is fair, I will have a very itchy trigger finger to sell, especially if that milestone is combined with a level of price momentum that would clearly indicate overbought levels relative to the past price action. That also assumes that there isn't additional information that might cause me to re-assess FV.
What keeps you invested in a stock once its surged past your FV target? I am making the assumption that you have a price target on each stock you own, whether that is short term, intermediate or long term?
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