My logic exactly. Penny pinching flips are not for me -- don't have time for those -- and selling the entire 13M at 75 looks good in retrospect, sure, but it is a whole different situation when the consideration is in real-time. With so much volume, you never know which hour will start the next 100% run.
The last time I flip a large position, I ended up with less than half the shares I'm suppose have. FMC$. I actually help myself buy back in at a higher price. said to myself I will never do anything like that ever again. : )
I agree. If I had flipped at 7 I would have almost double my position but I didnt have the balls. Maybe on another stock I will but not this one. Im still learning so their is always next time. I have held all 16 mil of my shares through this shake out. This shake out sucks, but when it runs my profit is nice.
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