Having been in and out of CNP in the last year or more, i know all the outrageous calls that have been made about how high it will go on the ann. And you know what? Many people had egg on their faces. They all thought theyd be millionaires already. Who knows whats going to happen, the market isnt so predictable at moment. I too sold out for profit to sit on the sidelines to see what happens on ann BECAUSE in my eyes CER is not acting like a stock thats going to run on ann!
I was looking for signs to get back in but didnt see them.
And if long term its a winner, then i have plenty of time to get back in. One thing ive learnt in my 7 yrs trading full time is, never buy anything because you fear you will miss out - cos youll always end up paying more than you could have had you been patient. I agree totally with Buffets views and M.O.
We all have different risk tolerance.
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