You Made Your 15% , Now What ?

[billyjoe]

So you found a great stock , made your !5% , sold ,and like magic , the stock drops 10%, but not as a result of poor earnings or forecasts. You want back in . Does the stock still have potential? Tell me what you look for at this point. There must be a boatload of factors to take into consideration. Thanks.


billyjoe

[jiesen]

15% on what?

You wouldn't happen to be talking about SNHY, would you? At 20, this sure does look like a bargain, since nothing's changed since it was at 30, but the price. It's tempting to me, too, but it's a trap we all fall for, to only consider buying one stock because it looks good- you have to consider it against ALL opportunities, and make sure that it's not just good, but the BEST! (just my opinion)

Keep in mind that one of the criteria for picking a stock by the $$MM model is the price momentum, and a significant drop will negate some of that.

[New-born baby]

Don't fall in love

You wouldn't happen to be talking about SNHY, would you? At 20, this sure does look like a bargain, since nothing's changed since it was at 30, but the price. It's tempting to me, too, but it's a trap we all fall for, to only consider buying one stock because it looks good- you have to consider it against ALL opportunities, and make sure that it's not just good, but the BEST! (just my opinion)

Keep in mind that one of the criteria for picking a stock by the $$MM model is the price momentum, and a significant drop will negate some of that.

I'd just say this: don't fall in love with any stock. And BillyJoe, you are talking like someone who is in love.

[Runner]

So you found a great stock , made your !5% , sold ,and like magic , the stock drops 10%, but not as a result of poor earnings or forecasts. You want back in . Does the stock still have potential? Tell me what you look for at this point. There must be a boatload of factors to take into consideration. Thanks.


billyjoe

Nothing wrong with playing the same stock again, as long as the set up meets your criteria. Many traders only learn a hand full of stocks and only trade those few stocks. In fact to me it makes sense because then you get to learn the stocks patterns and mood swings. Many will play the ranges and ride them up and down. I’ve done this for a while with a little stock called HDTV. I think I played that one about 15 times and collected a nice sum of cash from it. Another one was CSCO and WMT, now my time in then may differ from yours but to get back to your question I don’t see a problem with it..

[IIC]

So you found a great stock , made your !5% , sold ,and like magic , the stock drops 10%, but not as a result of poor earnings or forecasts. You want back in . Does the stock still have potential? Tell me what you look for at this point. There must be a boatload of factors to take into consideration. Thanks.


billyjoe

Price/Volume action is my # 1 consideration...1 min chart to 1 month chart...I look for other things...but that is tops to me(sans news)...Doug(IIC)

[B.J]

I've seen enough in this current market environment to take some off the table at first sign of reversal.

[scifos]

Generally, I don't get back in. It really messes with my efforts at eliminating emotion when I follow a stock just because I used to own it / re-enter. So I make it a point to avoid a stock for a few months after I've sold it, espically if I made my 15%, then I don't worry if I missed out on any additional gains.