Well, I must admit, I sold into this.
I should be embarrassed given my tenure on this stock, but my nerves caved. Figured I could trade it for a dollar range in and around 8 1/4 to 7.5. Unloaded 75% of my position, and am now at the number of shares I was at in '97. You see, I had taken on unreasonable risk to cover my brutal entry point in the twenties, and WSTL had become an overly risky percentage of my total portfolio - like 25% - scary, given the volatility etc.
Still have position and looking for some sort of retrace to get those shares back under $8.00.
Three strategies - 1) wait for that opportunity, or 2) if I smell a RTHM, COVD, XDSL breakout , throw caution to the wind and put the chips on WSTL for a big roll or two, and 3) sit tight with my position.
Comments ? Don't want to put you in the position of advise - just a technical perspective on probabilities...
BTW IQC down... any other chrting tools any good with RSI and B Bands ?
Regards,
Dave |
