RE:RE:Fantastic attention well deserved AlphaJ. Taking some profits is disciplined and is NOT flipping pennies. It's wise to ride up with it and it's wise to take profits as well. This run up is justified, to me at least, based on a switch to a revenue stream, new potential and international routes, regulatory restrictions being lifted, and further development of the fleet, R&D and now FLYTE operational. The timing of the FAA decsion to loosen restrictions and attention to other companies, on of which may join NASDAQ, makes this run up current with the headlines.
This is personal to my situation: In case you might find it useful, I'll disclose how I think of this but this isn't advise, just my way and in this particular case based on a discipline-based plan I set in motion a long time ago. I had 200,000 shares so selling 50,000 shares is a ton of money for me when I was up almost 100%. I use 50% of a core position for a trade up or down and 50% for a longer term hold. I use traches of 15-25% when buying on the way down and the same when selling up. I tend not to sell much on the way up and let 75% run as far as I can. The point is to have a plan about at what low price will you keep buying and to what final amount on the way down and what would you do if it doubled on the way up. That's being disciplined and not emotional. When it's justified, I run up with 75% balance, when it's fluff, I keep 50%. This is justified to a certain level (to about $1.60 by my calculations) so I'm holding onto the remaining 75% position. I do have other levels for sale or buy but you get the point.