Originally posted by jiesen
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HRTG ==> The Rowdy Roddy Winner
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HRTG never hit my stretch goal of 30 for those extra shares, but has since dropped way down to about $4, which is REALLY cheap for this company, imo. So rather than bail on it like most do with underwater positions, I'm doubling down right here at $4, since according to the analyst projections this still profitable company will make over $0.60 this year, and $0.90 next, which is >100% growth for 2023 and about 50% growth for next year's EPS. For $4.1, I consider it a bargain (even though Florida insurance can be quite volatile). I don't think it'll drop much below $4, unless we see some HUGE hurricanes again this year. I'll sell it all when it gets back to $25 or $30. (and maybe a few shares along the way at $12 or so, just to cover my butt.)
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I decided to take a bit of my HRTG off the table here at 23.5, and will sell another chunk when it gets to 25 either tomorrow or next week. I'll hold onto the other half of it until we see 28-30 on this one.1/4 of the shares already covers all my cost on this, the rest is now all profit!
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Originally posted by jiesen View PostI decided to take a bit of my HRTG off the table here at 23.5, and will sell another chunk when it gets to 25 either tomorrow or next week. I'll hold onto the other half of it until we see 28-30 on this one.1/4 of the shares already covers all my cost on this, the rest is now all profit!
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