Sharon--
Another strategy to consider would be to take your initial investment off the table when it hits your first target, so that your remaining shares have essentially cost you nothing. Then you can be more comfortable holding onto those remaining shares until they reach a more aggressive target. If they do not reach that target, you are still guaranteed to be in the money.
Example:
You bought, say, 1000 shares @ 17.32, for an investment of $17,320. When the stock hits your first target of 32, you sell 550 shares, taking out your initial investment of $17,320 plus some change. You still have 450 shares which you can hold onto until they reach 35, 40, 50, or whatever target price you think feasible, or until you identify a stock that looks to be at the beginning of its run-up (like maybe NAVR closer to the IPO date).
#B~}> |
