isopatch,
Looking at the cliff edge on MSSN support. Personally, I think it will hold, but must admit that in the market one cannot push valor too far over discretion.
So I sold my higher priced blocks of MSSN. Interesting part is I had NO PROBLEM selling a rather large position, all or nothing, at a tidy profit.
This indicates to me that someone with deep pockets believes there is money to be made in this company.
Seeing that, there is little doubt in my mind that I sold at a pivot point, but it was a risk/reward necessity.
Simply stated, I had too much risk for any amount of reward.
Viewing the reaction of the tape to my sale, in the long run I have no doubt I will view it as premature, but sometimes there is no way of knowing without selling or buying.
Remaining shares, about half of position (which was way way oversized and by most standards still is oversized) on an unadjusted for the above profit basis are well under two bucks. My intention will be to hold them Long Term as I believe the company is going to do well and I intend to have some LT cap gains from MSSN.
This sale along with TGA sale yesterday raises cash levels to approximately 40%. This also ends one of the longest periods of time that I have been 95% or more fully invested.
Best Regards,
Roebear |
