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Foxbat426

02/22/12 11:24 AM

#54368 RE: Davinchinwallst #54357

well in dr wrights defense - that is easier said than done! the problem is not letting the rest of the profit go!

jimmyburkitt

02/22/12 11:24 AM

#54370 RE: Davinchinwallst #54357

He probably has so many shares that a flip would be very hard to pull off

Artius

02/22/12 11:25 AM

#54373 RE: Davinchinwallst #54357

Hindsight is 20/20 sir, even though the doji star signified a potential reversal there was also the pending possibility of an 8k any time between last friday and march 1st that could initiate another huge run, flipping this is very risky unless you have an army of traders to push the price up or down like moneyrunners

drwright68

02/22/12 11:27 AM

#54383 RE: Davinchinwallst #54357

1 reason, Taxes! You cant swing 1mm plus shares.

PatiencePaysOff79

02/22/12 11:28 AM

#54386 RE: Davinchinwallst #54357

It's very hard to sell millions of shares and then buy back lower without driving the PPS back higher...it's a gamble that may or may not pay off in the end. It could be profitable to hold a core and flip a percentage of your shares, but liquidating an entire position in ATRN is very risky...we have seen that it can go back up almost as fast as it falls.

cucpa

02/22/12 11:28 AM

#54388 RE: Davinchinwallst #54357

Seriously, if everyone knew it was going to be the top, everyone would have sold. You got one thing right, you are new to the market.