FAR 3.09% 47.0¢ far limited

FAR Pretrade, page-172

  1. 5,055 Posts.
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    Speaking of 6.9, I was in the sell queue. I thought for something different I would show a bit of discipline and stick to my price targets.
    I bought in at 3c off the back of the Nov 2011 issue of Australian Small Cap Investigator - a publication I no longer subscribe to.
    My theory is to sell a third at +50%, and then sell another third of whats left when it goes up 50% again. For example, buy 9000 shares of XYZ at $1 (total $9k), sell 3000 @ $1.50 for $4500 leaving you with 6000, and then sell 2000 @ $2.25 ($1.50 + 50%) for another $4500, leaving you with 4000 shares having recouped your original purchase outlay.

    I sold a third of my holdings at 4.5c, (+50%), and the next price target was 6.9c, so I put my sell order in, and now no matter what happens I cannot lose!
 
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