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Strategies & Market Trends : Fundamental Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (923)	5/7/2009 6:38:52 AM
From: Madharry	Read Replies (2) \| Respond to of 4720

well it could go higher, unfortunately the technical pattern that i used would also dictate that if it goes lower i hold until it drops below 20, so i decided given the fast move up in the stock im better off taking some profits off the table. I took another 20% off at 26.50. ive found that i can never predict how markets will react to actual news yet the 30% profit or so over a couple of weeks is real only if you sell, so i want to exercise some discipline here and take a partially good size profit. I can alway reenter again.