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
59.5¢ |
Change
0.020(3.48%) |
Mkt cap ! $353.0M |
Open | High | Low | Value | Volume |
58.0¢ | 59.5¢ | 58.0¢ | $224.0K | 382.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 28098 | 59.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
59.5¢ | 64253 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 28963 | 0.585 |
15 | 234811 | 0.580 |
11 | 180411 | 0.575 |
15 | 215192 | 0.570 |
5 | 79615 | 0.565 |
Price($) | Vol. | No. |
---|---|---|
0.590 | 69418 | 15 |
0.595 | 25903 | 11 |
0.600 | 33201 | 7 |
0.605 | 15417 | 6 |
0.610 | 1682 | 1 |
Last trade - 11.05am 07/05/2024 (20 minute delay) ? |
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Last
59.0¢ |
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Change
0.020 ( 2.61 %) |
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Open | High | Low | Volume | ||
57.5¢ | 59.5¢ | 57.5¢ | 99619 | ||
Last updated 11.22am 07/05/2024 ? |
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