11-24-2008, 05:59 PM
Ole Wrote:Dave Wrote:Apoc Wrote:+1, take your profits and run NOW/TODAY.BLINGMW Wrote:.....but do I sell?!!!?!?!
Yes.
GTFO of oil until it shows some form of stabilization.
??? 10% intraday today in the DXO......hock: it was up 17% for the entire day.
Yeah, it's a really nice intra-day graph, but that area of the market is just too unpredictable if you ask me. Channing had an opportunity to sell a stock and realize a 10% gain in two days and given the market's current volatility, if he can hold that cash for a week or two he can reinvest at the same price or lower and get some free money out of this to hold for the long haul. I'm assuming he's using a discount trader and has very low margins, and he's obviously done the research and likes the company, so I just look at it as a way to play the market's volatility and make some extra $$.
Nobody has to act on anything I recommend, I don't run an investment company and certainly don't claim to be all-knowing. I just put my 2 cents in to encourage people to give up their own ideas.
FWIW, I sold off one of my favorite stocks for a handsome profit today and plan to do exactly what I recommend to Channing, buy it back at same price as I did before, except now I can buy more thanks to today's gains.