Yes. It makes a lot of sense. I'd have done the same. Sell some and hold some for home run.
I did not realize that my last post was #10000 until just now.
Since I just started buying from $1.45 on the way up, I'll add on weakness as well as on strength. Weakness shares are put in "hold" pile, and strength shares are being flipped for quick small profits.
US Open golf is in full swing. Our John Daly just teed off at 12.26 PM. Let's hope he does well.
To keep a negative outlook present, I am still in the camp that to gain credibility from my viewpoint, I would like to see evidence of positive cashflow and with that evidence a buyback of stock instead of acquisitions.
I know the $3.00 earnings last fall had to have been false, so how can anybody know what this company is worth?
I would have held for this runup but this is a runup without proof of good fundamentals.