I forgot to add, the cliched "You can never go wrong taking a profit" is a load of cobblers. But it is something the retail investor is conditioned to believe.
For example, look at all the "profits" that were taken in SMM from 10 cents up as it went past $6.00.
Look at all the "profits" that were taken in FMG from 50 cents up as it went to $35.00.
Investors who understood how undervalued those situations were and were disciplined would have been net buyers, not net sellers who "took their profits".
"You can never go wrong taking a profit."
What a load of cobblers.
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