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ChicagoGolfer12

01/03/14 4:26 PM

#61597 RE: 612rat #61596

Well I wouldn't rely on msg board advice, but I assume you got into this stock to do more than just make your money back? Personally I'm not going anywhere.
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brharris

01/03/14 5:07 PM

#61605 RE: 612rat #61596

It depends on your why you are in MWIPD. Are you an investor or trader?

In my opinion:
- a trader would likely sell here because the RSI on the daily chart says it's overbought
- investors don't much care about the chart because they believe in the long term outlook of the company.

There is also another group that holds a core position in a stock and swing trades blocks of share to make cash. To me this is the best approach because the cash you earn takes away risk. I do this in stocks I really like such as this and AMB$.

You have to know what your plan is and not get caught up in hype or emotions. You should actually have an exit plan before you buy. Mine changed here because I didn't see the RS coming. GS