RE:Sold Some of my Non-Core Position TodayI'm one of the biggest believers in this stock and have been in it for almost 5 years. The big "BUT" is that it has gone up 70% in almost 2 weeks which is not sustainable. The RSI is over 80 and is way overbought.
There is never anything wrong with taking a profit as I did today. The stock may still go up, but nothing goes up for ever. I never try to guess the stock price because no one can, sometimes it's just pure luck. Remember, over 80% of trades are done by algorithms and the ETF's on TSE/ NYSE/NASDAQ. The retail investor doesn't stand a chance competing with them, so taking a profit is always good and wise.
ledzep4u wrote: Sold almost 15% of my non-core position today. Stock has gone up too quickly in last 2 weeks and RSI is over 80. Never sell any of my 75% core position, but willing to take profit on my 25% non-core. Hoepfully I can buy more shares later and cheaper. Has worked so far.
GLTA