I am not a Dryshipping specialist! $100k is only part of my trading capital. I am simply annoyed that I have been trading this stock in and out on swing trades since May/07 when it was $15 with approx $100k and held some for the last couple months. Had I just left it there I would have made a HELL OF ALOT MORE $$$$. This Stock had doubled TWICE on me since May and I was wondering how many more times this was going to happen to me & what everyone else thought about this???? Lucky!
Then definitely don't buy... being annoyed because you missed out on profits is a horrible reason to start a position.
Do yourself a favor and stick with CRNT, it's been burning me up all year, keep missing entry points proven monster.~ stoney
CRNT is another winner that's been eluding me this year. Been in & out for a point here and a point there. Got out @ $16.50 when they announced stock dilution....look at today up 22%. Buy & hold seems to be the method this year!!!
No wonder...it's a 10 bagger this year. Not many of those!! Never mind Cramer, look at the daily & weekly charts. Almost every single week has been GREEEEEEEn!
Thats how i feel about AAPL I trade in and out - for what?? If I would have held this for the last few years I would have retired on it. I mean its up 100 percent this year. After the 2000 crash and with 1000 point market swings every week I have no faith in the market. So If i can take profits and limit my downside i do.... I can do this for ever - On the other hand all i have to do is put my money and leave on ONE wrong company and my days are over..
I've said it before, the way the markets have been this year it has been better to buy & hold the leaders with no margin.