Bought this stock for a core position at $0.62/share back in
2008....holding through thick and thin ever since. When the
stock went parabolic late last week, vaulting outside its upper
Bollinger band Friday afternoon, I took 2/3rds of my position off
the table, selling at $3.175...with the idea of buying back in a
week or two after the "inevitable" pullback. Stock rocketed higher
yet again today, and although I still own 1/3rd of my original
position and made some more $$$, it feels like I tried to be too
clever. Still think I did the right thing - stock has risen
like an elevator for too many days running.
Thoughts??
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NXG
Posted by RichieD on 18th of Jul 2011 at 07:59 pm
Bought this stock for a core position at $0.62/share back in 2008....holding through thick and thin ever since. When the stock went parabolic late last week, vaulting outside its upper Bollinger band Friday afternoon, I took 2/3rds of my position off the table, selling at $3.175...with the idea of buying back in a week or two after the "inevitable" pullback. Stock rocketed higher yet again today, and although I still own 1/3rd of my original position and made some more $$$, it feels like I tried to be too clever. Still think I did the right thing - stock has risen like an elevator for too many days running.
Thoughts??