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Gold/Mining/Energy : Anyone following UTI Energy Corp.? -- Ignore unavailable to you. Want to Upgrade?

To: RGinPG who wrote (670)5/11/1998 2:43:00 PM
From: Captain James T. Kirk  Read Replies (1) | Respond to of 1305
 
>>sell high, buy low<< Yeah that's great, but if you wanted to sell, you should have sold on strength, like when UTI was over 20 1/4. You sold today at a price that you may not see much lower. You may see 19 1/8. Its possible it may go lower, but there is no reason it should at this time. That is selling high, and buying lower. His post suggested nervousness, and fear of losing realized profit, those are not good trading indicators.



To: RGinPG who wrote (670)5/11/1998 2:45:00 PM
From: The Ox  Read Replies (2) | Respond to of 1305
 
Thanks Ron,
Yes, my time horizon was VERY short term and I had a very decent profit which I wanted to lock in. My selling was a cautious strategy, I thought I had made that clear in my previous posts. I was not suggesting to others that they sell their stock, I was simply stating that I did just that. It maybe premature, maybe not. Time will tell.

Michael


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