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Catch the Wind Ltd V.CTW



TSXV:CTW - Post by User

Comment by j_harbaughon May 28, 2012 12:54pm
247 Views
Post# 19952829

RE: took my profit at 0.145

RE: took my profit at 0.145

It's never a terrible idea to take profits when you have them. In fact on some of my past picks on my blog like FSW and MKI I sold whatever portion it took me to recover my initial investment and I'm riding free shares on both of them. 

 

However for CTW I think this will be an exception and although I am up nearly a double from my 8 cost, I have not yet sold a share. This company went from 25 or so to 7 on the ex-CEO selling and the thought that the company was going to run out of money very soon. Now that we know that their burn rate is much lower and that they are closer that ever to mass production, the price should go up to at least 25. I might consider selling a third there then holding the rest of my shares for free in hopes of the big score that takes it over a buck and takes my free position on CTW to about a million dollars. 

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