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Post by print185 on Mar 3, 2015 13:27:40 GMT -5
For me, the right time to sell is when the story changes. Nothing changed this morning. One very influential analyst downgraded the stock and cut his price in half based on 3 weeks of sales. Does that make sense to anyone? Remember, 20million+ shares will trade hands today. Someone get a great sale price IMO.
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Post by BlueCat on Mar 3, 2015 13:30:30 GMT -5
When it comes to timing the market, I know nothing...NOTHING! But I hear that Colonel Klink fancies himself to be a day trader and he usually loses more than he wins. Ah. Klink seems more like someone at a desk in GS.
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Post by bospenc on Mar 3, 2015 15:00:55 GMT -5
When you have as many shares as I did and you watch the PPS drops from $7.50 to $6.79 (and for no good reason) every penny hurts. In less than two weeks, I went from having over $100k in profits to less than $40k. I just wasn't about to give it all back. Thank you. The problem with 'protecting profits' is that you have to pay tax on these profits (and obviously small transaction fees) while hoping to get back in (assuming that is what you want to do) at a significantly lower price to offset the expenses and risk of missing upside. You possibly had to many shares to maintain a detached and non emotional comfort level? My shares are in my 401k so I don't have to worry about taxes. As for the transaction fees, they are small (I only pay $7.99 per trade with E-trade).
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Post by bion61 on Mar 3, 2015 16:32:24 GMT -5
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Post by cusop on Mar 3, 2015 16:51:49 GMT -5
the fact is the stock was smashed today and recovered like a fortress that has seen many battles, this will not be the last time the shorts attack, If GS is accumulating and at the same time damning the stock there should be some legal recourse its just plain wrong
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Post by seagate48 on Mar 3, 2015 17:55:37 GMT -5
I've been trading stock for 20+ years and it took me 15 years to even start to really figure out what works for me. These days, I keep to separate accounts- one for investing and another for speculating. I do speculate. It's fun. Better fun than Vegas. At least the odds are not incontrovertibly against you! I fund my account for speculation with dollars that I can lose and live with losing. So far I've managed to increase the value of that account, but it has definitely gone through some bit swings. It isn't making me rich, but it's fun and, who knows, maybe I'll draw to some insight straights and end up making some real money there.
With my investing account, I don't even bet on inside straights. This is my "think like Buffet" account. As best I can tell, the individuals that really, really succeed with stocks over time are investors- not speculators. Note, I saw individuals. Big brokerages make their money in a completely different way by doing their best to stack the deck in different ways. Despite this they still fail a lot more often than I'd like to. Must be fun playing with other people's money! The market seems to properly valuate stocks over the long term. When I invest I do what a lot of other posters talk about. I decide that I think a given company is positioned to really do well over the next decade. Then I decide how confident I am in my prediction and I invest an amount of my capital that I can be comfortable with in terms of exposure. Then I forget about it. I mean, not literally, of course. Only fools believe anything is a sure bet and only bigger fools think they can predict the future. So I review my long term plays from time-to-time to make sure my original premise for the investment still feels sound. I only pull out of a long term investment if I decide my premises were totally wrong or if something really unpredictable happens.
An exception is that sometimes I invest in a sector with a shorter horizon if I think there is a macro economic angle. For example, I've been considering ETFs in the engergy sector (oil/gas). The premise here would be that there is big money in alternative energy over the long term (10+ years), but this will take time to emerge and it's hard to guess winners right now. Oil and gas are way down right now and I expect the sector will bounce back over the next 5 years before real competition emerges from alternative.
With individual stocks, I like to choose companies that just feel good to me. The "feel good" aspect of things isn't enough to make me invest. I do my due diligence too. Still, I always seem to have better luck with companies that "feel" right from the start. What makes a company "feel" good? Do I like their product? Would I buy it if I were their target customer? Does management feel trustworthy? If it is a retail or brick-n-mortar that I have access to, I visit and check out the vibe with both customer's and staff. If the answers are mostly or all yes, I look into the financials and such.
With MNKD I have a fairly modest position. This lives in my investment account. It is a much, much smaller position than many of the people on this board. At the same time, it is a position I can forget about and not stress over. Importantly, it is a large enough position that it will provide material profit to me if the company succeeds. On top of this, MNKD passed the "feel" good test and the due diligence panned out. I will say, though, I don't have a lot of experience with bio techs and mechanics are a lot different (I'm learning) than other types of company I've invested in.
So there is no right answer to the poster's question in my opinion. It all depends on the type of investing (or speculating) he is doing, his risk tolerance, his exposure, etc.
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Post by dallasfan on Mar 3, 2015 19:56:00 GMT -5
I'll hold as long as i believe. I have more belief in this stock more than ever before. Seen the drug in action and seen it work. I'm convinced it's the real deal. Only a matter of sanofi and the diabetic community convincing all diabetics to not be afraid to try it.
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