RE:reached my tolerance limitlogical move sarge.
in super high risky frothy market: if in doubt sell.
the idiot proof rising marktet is over.
SargeX wrote: I continued our trimming today with selling 450 shares at $16.23. We've held thse shares since Aug, 2010. Our total return with dividends factored in is $43. Yipee, what a great investment. :-)
We had been hoping for $20, then $19, then $18, then SNAP.
This is the second trim. The first was 600 shares at $21.80 in Jan of this year. In hindsight, it obviously would have been smarter to sell all our ALA but such is life.
The 450 was an odd number as it was the reamining shares in one of our accounts. We're still plannng to trim another 1050 at $20.50 (if we ever see that price again).
I guess the bright side is that ALA is only the 2nd worst stock we've ever owned. Long Run Exploration was worse.
People can pump all they want but the "new" ALA is just a bad company with bad maangement and bad assets (other than REPIT)
Ciao
Sarge