Apparently that's what's happening, OJ. Low volum
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Posted On: 06/26/2019 11:26:03 AM
Re: OrlandoJohn #4349
Apparently that's what's happening, OJ. Low volume and GNBT is trading just over 11K shares an hour. However, we shouldn't fall in love with this or any other stock. Most oldtimers should have a low average buying price (ABP). If you can sell a small portion of your holdings and get your initial investment back, you should at least consider it.
If volatility increases, we can expect it to go both ways. Should GNBT catch fire later today and you can reduce your ABP by selling 1000 shares, it's something to think about. We still have until 7/23 to get the shares back at a lower price. If we never get that chance, that's even better. You got your money back and the rest of your shares keep moving higher. I think the strategy is called trading around a core.
If volatility increases, we can expect it to go both ways. Should GNBT catch fire later today and you can reduce your ABP by selling 1000 shares, it's something to think about. We still have until 7/23 to get the shares back at a lower price. If we never get that chance, that's even better. You got your money back and the rest of your shares keep moving higher. I think the strategy is called trading around a core.
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