I covered my original investment by selling as the SP expanded. Was that the right thing to do = No...I should have been buying more but physchologically it made me more comfortable. Problem is we allow prior experiences to dictate what we do. Until the story changes I will hold this stock...having targets is dumb. If you had a $2 target what will you regret more missing out on a possible move to $4 or having got out with albeit a substantial profit???
Really this is not a numbers/tax game from here it is a head game pure and simple. Everyone will trade their own beliefs of the market. If I really wanted that Porsche today I WOULD sell my holding. Fact is I do not care about the Porsche. This stock is a POTENTIAL home run and someone will sell at the top but it probably will not be me.
Managing DRO Investments After Significant Growth, page-24
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Last
$1.40 |
Change
-0.090(6.04%) |
Mkt cap ! $1.067B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.36 | $35.85M | 25.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 139470 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 14 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |