My rationale was very similar to yours, I sold at $81.25 in order to get back in above $76 (I had an order at $78, not filled), but strength came back in I paid the piper another $.25 ($81.5). Since the low $50, I have done that with SNDK few times, kind of an insurance in the last few weeks of uncertainty. Nevertheless, I paid the piper once (sold at $63.25 and got back in at $64.5), but the piper paid back twice (sold at $73.5 bought back at $72.5 and sold again at $75 and bought back at $72.5), so paying the piper $.25 today did not hurt that much. (VBG). All in all, if I knew ahead of time that this move will conquer $73 and continue straight ahead, I would not have played these "in and out", but unfortunately, I know not the future, and despite the summer, I was shaking like an "Autumn leaf" (Arakis graduates surely know that expression). I must admit, I do the "rambus dance" better (VVBG).
Zeev |
