Hi RoyE
I agree completely that taking some profits along the way is the better strategy. My experience in the 'market' completely turned around when I learned to average into and out of a stock. I am FA in my thinking and I only trade in order to accumulate for the long term hold.
With ALK, however, I am trying something a bit different. I am now holding my entire parcel and not touching it, until it stops rising and instead trades sideways for some period of time... only then will I take out my original capital [and keep the free carry].
I am so used to holding a stock which keeps trending down, seems to stop, then drops even further. I continue to hold, utterly mystified, shaking my head and completely disbelieving. Then ... finally it stops falling.... and then, maybe for months trades sideways. If I have the FA correct eventually it improves, but usually I have to boldly buy near the bottom to get a profit. I think ALK is the total inverse of this process.
What I have been doing is buying an extra [modest] parcel and if it makes a respectable profit taking out the capital and keeping the free carry... I have done this now a few times and almost every time I have had to pay more for the shares when I buy than what I got when I sold... strange way to make a profit .
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Last
58.5¢ |
Change
0.010(1.74%) |
Mkt cap ! $353.0M |
Open | High | Low | Value | Volume |
58.0¢ | 59.5¢ | 58.0¢ | $375.8K | 640.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 32193 | 58.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.0¢ | 6762 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 36951 | 0.585 |
11 | 155200 | 0.580 |
12 | 190261 | 0.575 |
11 | 158361 | 0.570 |
2 | 76150 | 0.565 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 6666 | 4 |
0.595 | 87744 | 19 |
0.600 | 33231 | 8 |
0.605 | 13422 | 7 |
0.610 | 136145 | 4 |
Last trade - 14.01pm 07/05/2024 (20 minute delay) ? |
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Last
59.0¢ |
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Change
0.010 ( 2.61 %) |
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Open | High | Low | Volume | ||
57.5¢ | 59.5¢ | 57.5¢ | 242082 | ||
Last updated 14.26pm 07/05/2024 ? |
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