toneo
I trade to a strategy that is activity related, not to the charts or to a price ( I have no stop loss or profit target, I let the system do the talking).
the delay of a well can upset the stategy. it means I have to choose to bail and move on, or frustratingly sit and wait another couple of months.
It took me several weeks to accumulate my ITC in the mid fives. Its a tough call to sell now is as I may not get back in that easily.
would be a bit stupid to sell. the stock is trading strongly whether I think it should or shouldnt. There could always be another deal in the background, and a director buying at current levels is not always a reliable indicator for upside, but its not a reason to sell either.
In this case I'll wait for ITC, whether it drops back or not.
acturtle
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