RE:RE:RE:RE:RE:RE:RE:Inside information Neddenward wrote: I am doing a good profit, i was thinking about a ``stop``price but if stock open with -20 %, i wont sell at the stop i asked.
From the direction cash flow has been moving I still say the company is worth around $24 dollars.. loads of upside left, but I have been trading against the $24 dollar target, selling as it goes up, buying as it goes down. I took a position at $8.40 so I don’t have nearly as much of my portfolio at risk as I did this time last year, with all the volatility throughout the year I have done much better than a buy and hold and have transferred profits into other companies, if it drops I will transfer money back into AVO. It’s a good idea to have a profit taking strategy other than a stop loss from a bad quarter. Unless you’re predicting an abysmal announcement this quarter, that completely dooms the company, there is no reason to set a stop loss 20% below the current price. The market could open, decline to -20% and then rebound to -10% within 30 minutes and then you’re feeling pretty silly.
IMO you should take some risk and profit off the table due to the run we’ve enjoyed you can move it into other companies that you feel are less risky, or move it back into AVO should there be a decline. Just an idea.