Clk and all, i have been in the same boat many times, in order to stay the long term, for the big ride is to set your goal at 10 times for instance, because if you are right at first your stock will go 10 times. in this way a move from 1 to 3 looks good on paper, but if the fundamentals are still developing as planned and money is coming in to the picture, stay put. you will see a short term swing down to say 2, but this is only technical, the weak holders will sell, strong hands will move in and the stock will move back up to new highs. look at azs, lydx, bgo, just look at bgo, it went to 9 then back to 4.5. who were the jerks selling at 4.5? the stock as you well know moved back to 8.87. lydx same thing, up to 13 down to 9 then back to 14. azs had a similar pattern up down up. all of the big plays have that period where we get a little nervous and liquidate, the inside money stays put, so we have to be more steadfast and not be tempted by the short term profit and wait for the 10 timer or more. set the goal and stick with it. sell half at a double and keep the other half for the long ride, remember half a ride is better than none.
regards for the long term
clif |
