Took a few off the table today. Been holding since IPO so felt it might be prudent after watching it go from 0.20 to 2.00 to 1.25 and then back to 1.60.
Just had a 'feeling' the rally from 1.25 might be nearing it's end. Unfortunately did get out at 1.60 but mid 1.50s so happy enough with that, though as I'm still a holder I'd rather see it go up than down.
Still reckon this has upside but I wouldn't buy at 1.55 so I rather became a seller there.
If wrong, still long, so no drama. If it goes back to 1.00 I'd like to think I'd buy more but I know I wouldn't and would just stick with what I've got.
I guess the volatility got me. I know with a good announcement or two they'll pop, but the question I started asking myself is 'pop from where?' From 1.55? From 1.35? Could be 1.00 by the time that comes, could be 2.00.
Ah the market, can drive ya nuts I tells ya!
Still happy to make nearly 8x from IPO though!
SPT Price at posting:
$1.43 Sentiment: Hold Disclosure: Held