Joe,
Not 100% sure I understand. I think what you're saying is that
the downside risk of COMS is 0. Big deal if it goes back
to 32. It's all technicals, another great buy opportunity.
Well there is never 0 downside risk to any stock, but COMS is in a great way right now and the important folks know it. Just wait till the public finds out. And yes, big deal if it goes back to 32. I'll buy more rather than risk anything.
BUT, aren't we suppose to be looking for an occasional
extra trade or two?
Yes, but with the recent trend in COMS I don't feel comfortable doing it. Remember when I had the stagerred buys in place. Only one filled and then I pulled the trigger. Glad I did or I would only have 500 instead of 2500 COMS right now. We are getting close to earnings and we are getting momentum traders, etc. These are all very hard things to predict what their effect will be on day-day stock price movements. IN environments like this I prefer to sit tight and lose a couple of bucks, rather than get left in the cold.
Something to remember here to, is that I am usually very aggressive in my trading practices (hell I hold AMD shares for christ's-sake). If I don't wanna sell right now, think about the chickens out there. They'll be holding till the end of 2002 ;-)
If we can sell at high and buy later
at lower than that's good. But, maybe we are pushing it too
far, and there's not much downward room to go, so it's not
worth it.
Bingo, I'm not sure. And when I'm not sure I don't act. It's simple. It's all about my comfort zone, and right now, knowing that COMS may preannounce any day, my comfort zone is HOLD.
The main thing is to protect our positions on
upward climbs. But what about that turn 100% to 500% by
some practical trades??
We can do this at a later date.. Maybe in a couple of days, my view of COMS will be cleaer. Maybe I will lose a couple of bucks between now and then, but I will still be making money on COMS. You have to remember I have a lot of time left in life to make lots of money in the market so I am in no rush. When COMS had a nice comfortable trading range I was nice and happy to trade it. Right now there is too much going on, too much pending... in short too much risk to get caught on the outside. (I mean look at solution. He missed almost $3 a share profit today, but getting out too early)... he'll get back in sure, and he'll make money sure.. but he just didn't know.
As Wayne would say, take them
profits now, because you will get much opportunities coming
up in the future. WILL WE THIS TIME IS THE QUESTION?????
Is it worth the effort is the better question.
Steve
PS. I think we will stilll touch $37.5 today. We are consolidating a little bit. I expect as the price comes down slightly volume will again pick up and so will the price. We may half-fill the gap today during normal trading. If that happens I say BUY BUY BUY BUY! |
