hey rob---i'm sure tom would tell you with the idiot wave at its present level one should obey all AIM sell signals. you're right. it is sometimes just as dificult if not more so to sell on the way up as it is to buy on the way down. i think it's actually easier to buy because we figure it's an investment, we believe in the stock or fund and we have great hopes and faith that we will reap the rewards of our courage and foresighteness.
then our wishes are granted and we get that sell signal and usually the first one is a slam dunk. take some money off the table. feel good and reward yourself for the buying you did while everyone else was laughing. then, greed rears its ugly green head, teeth bared and saliva drooling out of the corners of its mouth.
tom has nothing on old gordie from "wall street" when he says "greed is good." and tom will tell you that he is as greedy a sob as anyone else.
but, it comes down to what your plans are. is this short term or long term. is this a trading stock or one that's just going to run for a while. if you don't sell now, will you be kicking yourself for doing a "strewie?"
all that said, remember, AIM is all forgiving no matter what you do. you can obey fully or partially or disregard all it's telling you. believe me, i've done it all. i must admit, more times than not, i wish i had followed its advice.
so, the decision is yours. no matter what you decide, AIM will go along. however, us AIMERS will be looking forward to second guessing you all the way from here to next tax season.
swallow, gulp and good luck and great AIMING!!!
steve in socal |
