Paul, good comments. I have been a shareholder for over 6 months, having initially invested upon reading an article from Roman Franko in the Investment Digest. He, too, was positive on NRT's prospects... especially from a TA perspective.
However, I have also learned after 10 years of investing and some hard lessons, to not be too emotional about a stock or fall in love with one. Objective, analytical investing is critical to preserving capital. It is how I have made money on KRY twice, and the gyrations on that chart is huge. Just as the stock was trading around 9, then 10 then $11.00, emotions on the thread were high and 'speculation' was that a court decision was imminent and the stock was heading to $20.00 I am happy I invested by looking at the chart... and pulled 70% of my money between $10 and $11
I still hold 80% of my initial position. Once it is a pure double, I will be down to 60% and ride until we get a huge runup in price and volume. Then down to 25% and let the rest ride. Meanwhile, slipping profits into gold stocks which are starting to turn around may be wise.
Good luck to all NRT holders.
"For every buyer, there is a seller. Who is right?" |
