Dr. Jeff, I do not have millions to my name. I am still working on my first million. Just in case you're interested, let me tell you that last year I bought about three million dollars worth of stock and sold it for three million and eighty thousand. My average trade was 1/4 million and I would sell and capture what ever gain there was. Admittly., every time I read your post, I learn something. Fact is, that if I'd held the stock I rolled last year (SCH), I would have made twice as much with less trades, but you never know what is going to happen. I just chose a good stock. I agree that OO will hit 15-16 before years end. But I also agree that there may be a pull back before then. SO< FYI ' ' ' '. . . . i PUT IN A SELL ORDER @ 13 3/8, all or none, good for the day only. Total commissions will be less than 1k ( in &out). Profit will be 8k+ before taxes. And, by the way, I am not risking ALL that money. OO is not going to disintegrate or evaporate. As long as you choose a good company (barring acts of god), you will always rerealize your initial price if you have patience (in today's market) , and margin is a wonderful thing, This senerio is peanuts compared to my Netsacpe tramau this year.
grasshopper
I plan to SELL and then buy back.
Wish me luck,
grasshopper |
