Tweet
I just wanted to know what you guys thought about my last big winner GIL. I purchased this in Feb and since then have seen a 65% return on my investment. I was looking at the recent quarter numbers and they expect EPS to jump 10% and full year EPS to be about 1.50. Is this time to add to my investment or should I pull out now and take my significant gain? Any advice please.
-
-
I think you should give your significant gains to me, heh heh.
Let's see... GIL stands pretty well in terms of fundamentals. Can be possibly a good candidate for purchase but it seems to be overextended at this time. I'd wait for correction first. Or if you are already long in it than I'd consider holding and waiting for the new correction to start and then waiting it over. -
hmm..
If you're not sure, go ahead and put a trailing stop order so that if it does start the "correction", you've locked your profits. Just an idea.Comment
-
Time to leave
Here are two charts on GIL. Both say the same thing: sell now.
Most the people on this forum would agree, I think, with my prognois of these charts. Best to you!Last edited by New-born baby; 07-13-2005, 09:22 PM.Comment
-
Yeah thats kind of what I was thinking take the money and run....especially since its a T-shirt maker I cannot really see it going much higher...It's surprised me already. Just a question though I'm really new to investing but what is a trailing stop order? And how do I set one up?Comment
-
stop order
What I meant was a sell-stop order: say that you expect ABC to go up from its current price of $10 and you place a sell-stop at $9. That means that your stock will only be sold if it dips to $9. Say you bought it at $5 originally. This way, you're locking your profits before it really hits rock bottom.
The sell order only gets activated at that sell-stop price. Your broker may provide this feature.
That's a sell-stop order. Ameritrade offers a trailing stop order such that yesterday's price is discounted at a particular percentage then this new price is used as a sell-stop. Say the price now is $10, the trailing sell-order is $9 (because you gave it a 10% discount). If the price goes up to $20 by end of today, the following day the trailing stop becomes $18.
Hope this explains.Comment
Comment