Ann: Update on Funding Activities & Graphite Market Conditions, page-115

My trading and taking profits along the way is an example that it was possible to do. It is simply what I do even when I hold a stock LT and so have reached free carried position in a number of stocks. I'm not saying dump all your stock every time there is a high, I talking about a part there of. Then repurchase as the dips come along.
Here a very simple example, we sell 20,000 shares or say 10% of our holding at or near 34c high. Let's say we get 32c/per share or $6400. SP drops to 22c, but we buy 26,000 shares at 24c for $6240. So in this example we have 6,000 more shares for no extra $$$ and covered more transaction cost in and out. More over selling 20,000 shares in the scheme of things would drop the SP on its bum as it was portrayed here, but there were several opportunities like in the example on the way up.
Sure the biggest opportunity was selling a portion of one's holding at or near the 45c high and repurchase at 18 or 20c, because the 20,000 shares would have turned into 40,000 plus you would be already up 40% on those.
You guys may call it pip trading, but over time it sure pays to do it. Anyway that's just my way of looking at it, building a larger position in a stock I have confidence in and know and believe the story!