Sorry guys, I exited this week..Lot of threads when I write I...

Sorry guys, I exited this week.

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Lot of threads when I write I have exited, I sometimes get some flak. So I always have to brace myself when the time comes I have to write I have exited. I earn a lot of brownie points on my buys though. So knowing it will not be taken kindly by holders, why do I write when I sell? There are few people on HC who write when they buy, with price, and write when they sell, with price. If I am holding a decent amount, which I was doing here. So why do I do that, considering holders will not like it when I say I have sold? I like to be transparent. And maybe my habit, my way of doing things, may not be best practice.

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So why did I sell? I have been posting only once a week, so there is not many posts by me here, if someone wanted to check. I have been writing for several weeks, when the price first started playing in 3s. I wrote I like the play here, from a technical perspective. It went below my buy price, but I held. In my posts, I have been very clear, that it's a technical play for me. Couple of weeks back, I wrote how many may think that RDN does not have much to show for it's market cap. I wrote why it's not critical, from technical perspective. I wrote last week, and before, how for me, 4.7 was a big play. I wrote about 4.7 and it's significance when we were rising. Last week I wrote it's significance, if we were coming down. I wrote we need to hold that. Indicating, if it does not look like holding, it may not be good.

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Personally, this week I exited at average 4.8. Couple of more attempts at 4.7, and it looked very vulnerable to me. I wrote last week that my average buy was 2.7, so I thought I will exit and see how play happens above 4.7. Second reason I exited is due to June play. Every year I think, this year there will be no tax transactions, no tax sells. But it happens. So this year I have decided to go minimal play so that I have funds if really some sell happen. May not be best play, but we do what we feel comfortable with. Hope some understand.

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So what may happen next week? When the rise from 3 was happening, I was constantly writing 2 numbers - 4.1 and 4. 7. I still feel these are key numbers. Any weakness, I feel we need to hold 4.1, intra day it could go down. To get into positive territory, I feel we need to get over 4.7. That's my play. I could have got everything wrong. RDN I still believe has a lot of potential. One day it may prove itself. I will be eagerly waiting to join back. I know some may take this as an opportunity to give me a rough time. I am a small player. My buy or sell, hold or not has no effect on RDN share price. I wish you well that something good happens soon. Enjoy your weekend and all the best.