Solipsist:
You've asked the question of the ages: When to sell a runaway train like DANKY. Doug, as you may know, has developed a method for finding BUY and SELL signals for stocks in the stratosphere, but I don't think it can apply here, because a line that has to be drawn (which he calls the IL), cannot, as far as I can see at least, be drawn in this case.
Why not decide each morning exactly how much profit you'd be content with, set the day's stop with your broker, then call in at 4:01 and find out if you're still in it. You'd do well, though, to direct the question to him instead of me. To paraphrase Picasso, others seek, Doug finds.
I, for one, want nothing more than to be short DANKY. However, I will not short it until a) I see its last two uptrends broken, and b) the market itself is clearly stopping to take a breather.
Ivan |
