Couldn't resist that could you.(gg) "Was a good time"--too early to tell, you snapped up a whole $1 at this point. Talk to me in a week. When NE and others move up it will move fast, and the whole time those who bailed at 30.5 and 29 will all be saying "this isn't it, I'm not paying 31 for a stock I sold at 30, it'll come back down." Next time you check we're at 40, and then you don't buy because it has run too far too fast, etc, etc, etc. What's the downside on NE? Probably 26 at worst. So, you sell at 29 and you're right and the stock tanks to 26, you get LUCKY and buy at the exact bottom where the bid is actually 25 7/8, but you happen to be the ONE guy who gets the ASK at 26, Wow you've just nabbed up 3 whole dollars before commissions. You've just taken a whole lot of risk of missing the coming upside movement, and gotten paid very little for it. Unless, you don't believe in the fundamentals of the sector, and it that case as I've always said "sell here and go look at something else." Good Luck in the guessing game!
-Lucretius |
