Taking ProfitsI admit that taking profits, any profits, has been a good stategy with this stock over the past couple of years. However for me the risk/reward just isn't there right now.
It would have been very hard to get .12 this morning, only a few thousand traded there, so if you sold at .115 where do you buy back in at a profit? Over the past two weeks few traded at .10 so you will probably have to buy at .105 so you have a potential of 10% gain which is fine if you are trading enough shares, BUT if, and one day this will happen, the deep pockets decide that it's time to take this stock higher we could see a double or triple in one day.
How many successful 10% swings would you need to account for sitting on the sidelines when this happens?
Alan