Fred, I have sold several stocks too soon after good earnings, such as QNTM. I will likely try to keep all my CREAF until at least Friday, if not longer; however, my experience is that it is difficult to sustain a rally over 3 days so I may place a limit order for about 3/4 above Thursday's closing price for 1000 of my 6000 shares. I have day traded CREAF several times quite successfully but also sold out some too early in its run-up from 22 to 28, although I believe my last sale was at 27 7/8 when I got totally out. CREAF has been very good to me considering the number of shares I held. I just discovered tonight that I had about 2000 more shares of CREAF than I remembered, all bought within the past week or so. Had I known that, I may have been even more worried today when I saw CREAF head down after I predicted before the market opened that CREAF would be +1 for the day. I was right on the NYSE and NASDAQ, just wrong on CREAF (and APM) for the day.
I feel we'll see 25 again this week, at least some time, but my first two purchases on the way down were at 25 3/8 and 25 1/4 and I hate to lose money on these unless I can average my costs down by day trading. Unless I can see something I like better than CREAF, however, I may just hold where I am. |
