Hi oilbabe!
You wrote "...I did exactly what Slider suggested, and sold just 60 cents higher for a substantial profit ...
Well, you didn't really do exactly what Slider suggested, did you?
In the post Rory linked, Slider said: "...See you at $4, then $6.... this is 'the' play in Micro Cap Nat Gas E&P land imho. No reason to sell prior to $4-$6 imho. If MEXP isn't $4 and a double by XMAS - I will never post on SI - ever again - period. ..."
So far MEXP hasn't made it to $4, but your trade was a profitable one --- congratulations and may you have many more! And while MEXP is not my style, good luck to MEXP and all who sail in her!
I'm sure Rory meant that reference as good-natured kidding.
(I did bookmark it, tho, for year end. Just in case.) <VBG>
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On a more general note (By which I mean I'm not talking about anybody in particular)---
You wrote "...With small caps, timing is everything, and you can't expect someone to get on this board every ten minutes to say "time to sell, now"..."
Well, Yes, One could reasonably expect something like that, imho. If I post my recommendations for purchases, and tell you "I'm buying ABC @ $12 and holding for $20 by years end. Everybody else should buy it and hold it too." I think you would be right to be indignant if you followed my advice, and were still holding ABC some months later and it had dropped to $6, and found out I had sold it the day after I bought it and not said so.
If one wants to give advice or post their trades, it seems to me there's a responsibility to tell the rest of the story. To do so thoroughly and scrupulously. And promptly, especially if the trade closes out a previously recommended move.
Also, if there were not a convention that this be done relatively promptly, it would be far too easy for a self-promoting liar to look at the charts and make claims about when he bought and sold ---"ABC? Oh yeah, that one. I sold that one before it dropped. Yeah, that's it. I sold it two months back, before it dropped." <G>
Of course this is jmho, and I'm sure others have their own opinions.
Otoh, in a way I agree with you, oilbabe--- All stated opinions and claimed actions here are silently labeled 'Buyer Beware'. And sometimes I think each page here should have as a reminder a bottom border reading:
"There's One Born Every Minute."
regards,
diana
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