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Strategies & Market Trends : Trader J's Inner Circle
NVDA 187.67+1.5%Jan 23 3:59 PM EST

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To: Trader J who wrote (12818)4/18/1999 9:56:00 PM
From: Trader J  Read Replies (2) of 56537
 
ASTN - Ok, I need to post this as a reality check, so please forgive me here. I want to bring up two issues from the past:

ASCT
PRFM

I hate to bring up painful issues from the past but we have a similar situation occurring here. We have an issue that has screamed from 3 11/16 to last close of 7 5/8. People are getting crazy and calling for an immediate rise to 100 or more.

Please be prudent with your decisions and keep your greed in check. I don't want to miss a run like that either but remember in today's market there is always another ASTN just around the corner. There is nothing wrong with selling 2/3 or 1/2 of your shares and locking in a nice profit and letting the other shares ride. I have 4000 shares at 3 11/16, and the thought of $20, $30, or more is fun to think about but again you must remember my favorite phrase from Wall Street (the movie) "How much is enough?". Ask yourself this question and act accordingly.

This issue could very well run to $50+, or it may only run to $10 and then drop like a rock, either way, please consider taking some profit, lock in those gains .... remember, you can always buy some back if it appears exceptionally strong.

Please trade well.

Tj
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