Bral,
First of all, your profile says that you like "speculative issues". Well anything with great return promises comes with risk also. I understand your point about selling at 8 and buying back at the dip again. It is a great idea in theory but trust me very very difficult in practice. I wish I had taken profits at 8 too (more than +100%!!!). I would have bought back my shares at 5 today. Wow sounds great and easy but very hard. Because human psychology, greed and fear is in the equation. You sell at 8 and the stock goes to 12 (KTEL for example). You think you miss the boat and buy at 12 and it tanks to 9. This happens a lot to a lot of people. Best way to approach to this is do your own research, trust your instincts and gut feeling, set a target/stop loss (if not sure about your DD/instincts), and act with discipline. Say if your target is 10 sell at 10 and don't worry if it goes to 25 from there on. Think that you have executed as you planned and it was successful. Do not let the fear and greed get into your mind. Once they creep in they would kill all the sense and take over. Then comes the wrong decisions.
Look PNLK's dips and peaks last 18 trading days:
Dip Peak Dip Retractment
.72 2.12 1.59 25%
1.59 5.56 2.44 56%
3.03 4.38 4.09 26%
4.09 8.09 4.59 43%
As long as every dip is higher than the dip before and every peak is higher than the peak before it is trending up. 50% retractments from huge moves up are not unusual at all. However, it is very hard to spot the turning points and whoever tells you otherwise is lying.
IMHO PNLK price will turn up from somewhere around 4-3/8 - 4-1/2.
One last thing, never trade with the money in your mind. I know it is hard but trade to make a "good trade". When you trade to make money, most of the time you end up loosing. Most newcomers to the market pass through a stage like that. If your retirement money is causing you loose sleep, just put it only on blue chips, or index funds. Your rewards would be steady but relatively lower as well as your risk.
Wish you best of the luck. |
