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Bullboard - Stock Discussion Forum Counsel Corporation CXSNF

A financial services company

GREY:CXSNF - Post Discussion

Counsel Corporation > should i bail and take some off the table
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Post by zamboo on May 04, 2015 6:34pm

should i bail and take some off the table

I purchased this stock first at about $2.30 and then I averaged down when it was in the $1.60-1.70 range.  Thinking about taking some off the table and letting the rest ride... not sure.

I am long on the company, well that was the plan initially getting in so part of me doesn't want to go back on my own promise to myself but on the other hand too much money in one place doesn't sit so well for me...

don't know... we'll see where it goes by the end of the week.
Comment by buybuy on May 04, 2015 10:11pm
I'm in pretty much the same boat as you, except I didn't average down. I'm still going long here and I'm confident it'll keep climbing into the $3.00 range. Whether you have too much of your portfolio in one place is likely a matter of personal taste.
Comment by gibbonsj on May 06, 2015 5:06pm
The best way to predict future behaviour is to look at past behaviour. Perhaps look at sp for the week before and the week following the last two reports and see what you can learn. I say the last two Q’s because the previous Q's were skewed by disposition of assets dolled out as dividends. This obviously brought sp down in those Q's. The last two reports paint a clearer picture and may ...more  
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