Post by
Aurum1983 on Oct 22, 2021 10:55am
excellent day
to book some profit...I just did...
Comment by
alvarez2 on Oct 22, 2021 11:13am
I'll be waiting to book some profit when we are at least trading at a 10x multiple.
Comment by
Aurum1983 on Oct 22, 2021 11:23am
sure. suit yourself. That may be a long wait. We are at MA200day and RSI is over 80. I took 70% profit but will buy back when we backtest the 50% fib. I am long as all of you well know. But it is what it is. Time to take profit. Most hedge funds will be happy to take a 2% profit on any given play. I am taking a 21.7% profit here. Be realistic is all I'm saying.
Comment by
Aurum1983 on Nov 04, 2021 9:04am
Don't want to say I told you so...but I told you so. B2 is showing a lot of strength as it backtested the 50% fib and the RSI did not drop below 50. We also did not close below $5.05. We are going up from here...
Comment by
alvarez2 on Nov 04, 2021 9:12am
Told us so ? You sold off 70%. Would have been better off to hold.....no ?
Comment by
alvarez2 on Nov 04, 2021 9:15am
........and not sure what you consider a long wait. Not long in my books however long is a very relative term in suppose.
Comment by
Aurum1983 on Nov 04, 2021 9:23am
I bought back at $5.05. how long is hard to tell...
Comment by
alvarez2 on Nov 04, 2021 9:28am
If I can double my investment over 12 to 24 months, I'm a happy camper . It's paying a decent dividend in the meantime and trading at half the multiple it should be imo.
Comment by
alvarez2 on Oct 22, 2021 11:26am
Where else in the market these days can you find such a differentiation between marketcap vs earnings. The crypto fanatics will need somewhere to go with their capitol when that market finally implodes.
Comment by
Stockemups on Oct 22, 2021 11:28am
Good for you now go away. I'll book profit when the blue sky breakout is done in 2023.
Comment by
Aurum1983 on Oct 22, 2021 11:40am
I don't understand what your beef is. My 20% is probably still more than your entire position. I guess my logic and reasons are no longer appreciated here.