ya. I do that - but have taken to not holding core
Post# of 573
ya. I do that - but have taken to not holding core on 'final' event - such as phIII disclosure or fda approval. Make more money selling most or all after results and buying just the original core back for fda approval ride. I 'trade around the core' during the long trip to results or approval though, and can do it much better now that I know some volume tricks! I find I have to really practice selling. Holding too long has been a problem in the past that I work hard not to fall into again. I sold 2 big positions over this past year, both right on fda approval spike. Both dipped hard after spike and stayed in trough till marketing/partner questions taken care of. Saw other longs hang in there and wait while half of their investments disappeared. They could have sold all and bought back larger share amount at low price for months, but took the loss instead.
I will probably not do this with ctix though - as their advancement really is all about the takeover/buyout. Don't want to miss that ride.
I have to learn charts! Can't rely on TOB for the rest of my life! (although his tutorials are unmatched in their excellence!).