Time to give you another break.
Off skiing and had left some absurd orders in. Surprisingly, I find out I sold late in the day, some even at 7.48 although I don't see many trades there.
So - given a few trades and a reduced position at the end, I made about 10 times my original investment. Linear about an 8 bagger, or perhaps a 7 bagger by your definition.
It's now out of my portfolio. No longer a turn around. It's a well run company that very quietly got the word out, turned it around and actually implemented a business plan going forward that puts it in the forefront of what's hot today on the internet.
Why sell? Valuation and the fact that it is so hot now. The Yahoo board now has the usual bunch of day traders and short bashers that infest at the top. Nothing wrong with day trading and shorts mind you. But trying to scam the Yahoo idiots with ridiculous posts about "to the moon" or "it's a POS" always gets me.
Right now, it's priced for perfection and time to move on to something else. If they stumble a bit and that's certainly possible, or if Google decides to play hard ball, this could take a deep hit. The risk/reward equation at $7.50 (as opposed to .75) is just not what I like.
Everyone has their own style. I know most say run with your gains and the charts are saying this thing will run more, once it gets by it's short term over bought readings.
I may be back if you can bring it to 6 or under. I never rebuy with more than 1/4 of my sale though. There's that much debated gap at 3.50 but the market will have to tank or something like that to get there.
So Truthie, time to admit you screwed up. Yes, you were right when it was over valued at $176, $60,etc. And I commend you for that!! But you lose credibility when you continue to bash at under $1 and it goes back up to $6 or $7, especially where the company is now a different play. Face it, someone reading your posts would run away thinking there was no alternative but bankruptcy and they would have missed this turn around opportunity. |
