BBD Sold ==> Another winner for $$$MR. MARKET$$$

[New-born baby]

I got in on BBD a little after MM at 35.21 if I remember correctly-pre-split price. I stayed in -it still looked good. It's had a nice run the last couple of days.

Here is the dumb question: Do I sell or keep holding??

Thanks

BBD looks bullish to $35.50+ to me. The next target is $29.50 via Dow Theory. The $35.50 figure comes via PnF support/resistance targeting. The market is also receiving large injections of cash right now, ie, bullish market conditions, which should push BBD up into the $35+ range, imho. I am expecting $30 by August 31, perhaps much sooner.

On the other hand, the option chain on BBD is practically worthless. By this I mean the call money you would receive by selling a call has very little time value.

If I owned it, I would wait for the $30 target and re-access the situation at that time. I would also set a stop to ensure that I did not lose my profit. I would also be checking around to look at the next possible stock to buy. I don't want to fall in love with any stock. As MM says, "It won't love you back. The stock doesn't know that you own it."


All the best to you with BBD

[bjdj]

Thanks

I really appreciate your comments. That gives me something to plan for...

My goal is to learn something everyday and not to repeat the same mistakes twice. I have plenty to learn.

Thanks again

[jiesen]

yet another winner!

Congrats on this amazing pick, $$MM! You are indeed HUGE!!! And don't forget about the 0.35 dividend BBD paid last year (pre-split), or the 6 other penny dividends we also got along the way. I'll be counting my pennies for many years to come, as I intend to hang on to some of this bad boy as long as they keep growing their earnings.

I can hardly wait to see what you'll come up with for your next winner!

Ok, I stand corrected. It did hit the 15% target, but I kept half of my position in BBD because I fell in love with that stock 20 years ago... Not quite as old as I thought it was, but the small position size made me think it was 5 years earlier that I bought it. So, anyway, Goooo BBD!! We're back on the top 200 board again!!!! I love these bank stocks, because they never lose money!