Post by
mofwmofw on Dec 09, 2020 4:52pm
sold right or wrong
Sold 10,000 at $8.72. Did this once before and bought back making $2000, (just pure luck), But having a hunred grand in the account makes me warm and fuzzy, If it goes up a buck, I used to think I lost $10,000 bucks, but at $2.81 average at 60, 000 shares (now 50,000) Who the __ck cares. I believe fervently this stock is a once in a lifetime opportunity, I REALLY DO. I`m not a chartist but what I see is remarkable. Every now and again it`s nice to see a pullback which is just healthy consolidation. I remember some advice I heard on CNN about 21 years ago when I first started investing from some accomplished fund manager. He was asked how he felt when he sold a stock after making a great profit only to watch the stock continue up? He said `we`ll live to fight another day`. I think i`ts great advice although extremely hard to do mostly because of the greed factor. All IMHO.
Comment by
Torontojay on Dec 10, 2020 5:51am
Are you trying to time the market and buy back lower in the future? I personally think if you sell everything then you will strongly regret this move in 2021. I don't mind it when people sell a fraction of their holdings for personal reasons but I wouldn't recommend to sell it all. I'm quite confident in saying that this is my strongest conviction stock for 2021.
Comment by
mofwmofw on Dec 10, 2020 6:07am
I would never sell my whole position unless I really needed the money. Not sure what was unclear, as I said, I only sold 10,000 of 60,000 shares. Not sure if I will buy them back. Its nice to have that financial cushion.