Victor, My core holding is still intact, but I sold a small amount of trading shares today that I bought at 22 5/8. May be a bit pre-mature, but you can't go broke making a profit. If the closing price breaks 25 on solid volume I will buy more, but the general market is making me nervous. I think we will test the lows again soon, and I will buy back the shares I just sold. With a steady market, that re-test should be the last of the bottoming process.
To be honest, I hope that I was wrong to sell today, and that the price is at 30 by the end of the month. I'd rather be in the black with my core holding than messing around trading small blocks.
One thing's for sure, with today's action I believe we have established that any opportunity to buy at 23 or under is a gift. I think a lot of people see the long term value here and are looking for any good excuse to buy. Not sure what today's excuse was ( maybe just getting nervous about missing the recovery after three weeks of basing)(maybe short covering?), but I'll take it.
Whys1 |
