When is the next big jump coming??, page-471

I put everything on BAL at about $6.

I sold out at maybe $8, scared that it went up so much. Yet, there wasn't any concrete reason to sell. There is no 'too much' or 'too high' if the price is backed up by something.

I traded it up a few times and hold now.. but I made less profit by far than if I just bought it and held it.

There are spec stocks, where you are probably wise to sell on the hype after it has jumped 10-20%+ in a day. But there's growth stocks that have fundamentals, A2M and BAL are both in that category.

I'm up $4k today, so a retrace might cost me $1-2k. IF it happens. But more likely, the market now has confirmation that this stock is going to make some serious money from now on. I'm hoping that $1.25 or so will be the new floor. I'm not sure I believe in gaps having to be 'covered' as there are probably as many examples of it not happening than the times when it does.

The PE ratio is also much lower than BAL, so if you consider them comparable businesses, then A2M must catch up at some stage. $2-2.50 in a few months? Not too unrealistic I don't think.