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Originally Posted by rabcat
. I must say I find selling harder than buying.
Exactly why you need an EXIT STRATEGY rab
First step in the process - why (what were your intentions) of buying in the first place?
Answer that and the exit strategy might become a bit more obvious
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I bought SKL shares at the height of the boom based on a recommendation and bought more through the rights issue when it crashed. Its now at around fair value according to Lizard et al on this thread and at a level where I can get my money back. I own twice as much of SKL as I would like to due to the rights issue. The moving average and other oscillators indicate the shares are in an overbought position but they are not declining.
I am caught between greed and fear. I guess the share price could plunge back down but how likley is it the TA indicators give me a warning before the share price drops back below .90 cents per share. Asking the question I realise its impossible to answer so I will run with it and hopefully be able to sell when the trend changes or when I finally succumb to fear.
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