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My mentor called it "Riding the Tiger!"
You can't stay on ... you can't get off!
You can't stay on ... you can't get off!
The art of entering and exiting a multibagger
- Thread starter burglar
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Re: Multi Bagger
What bothers me about these stellar stocks is that newbs get on them, not knowing how to get off.
Take some profit along the way!!
What bothers me about these stellar stocks is that newbs get on them, not knowing how to get off.
Take some profit along the way!!
tech/a
No Ordinary Duck
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Re: Multi Bagger
This is how you get off.
All you have to do is use it.
This is how you get off.
All you have to do is use it.
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Re: Multi Bagger
Hi Burglar, just wondering what purpose you meant this thread to have. What is it that you want to discuss about multibaggers?
I think this thread might need to be retitled and the discussion refocused.
Hi Burglar, just wondering what purpose you meant this thread to have. What is it that you want to discuss about multibaggers?
I think this thread might need to be retitled and the discussion refocused.
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Re: Multi Bagger
If you asking what has prompted me to start this thread:
Pumping til newbs get on board, thence dumping.
Not against it per se, just warning of the dangers.
Expected some lively chatter re entry and exit strategy.
Trailing stops and crystal balls?
but instead got a picture of a rodent. Oh well!
A picture paints a thousand words!!
If you asking what has prompted me to start this thread:
Pumping til newbs get on board, thence dumping.
Not against it per se, just warning of the dangers.
Expected some lively chatter re entry and exit strategy.
Trailing stops and crystal balls?
but instead got a picture of a rodent. Oh well!
A picture paints a thousand words!!
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Re: Multi Bagger
So is it the pumping and dumping of multibaggers or how to spot a multibagger that you'd like to discuss? I think we need a more specific thread title.
So is it the pumping and dumping of multibaggers or how to spot a multibagger that you'd like to discuss? I think we need a more specific thread title.
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Re: Multi Bagger
In my example, FCN Falcon Resources were the market darling of November 2004
in the morning they reached $1.47, by afternoon down around $1.20
No one sent me a telegram. Thats my point, I think!
No one tells you when the lift reaches the top floor.
Am I making sense?
In my example, FCN Falcon Resources were the market darling of November 2004
in the morning they reached $1.47, by afternoon down around $1.20
No one sent me a telegram. Thats my point, I think!
No one tells you when the lift reaches the top floor.
Am I making sense?
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Re: Multi Bagger
OK, I think I understand. I have renamed the thread to be more specific so we can focus the discussion. In web searches I have noticed that multibagger is usually one word so I have modified that as well.
OK, I think I understand. I have renamed the thread to be more specific so we can focus the discussion. In web searches I have noticed that multibagger is usually one word so I have modified that as well.
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Re: Multi Bagger
Thanks Joe!
Once I saw the photo of the mouse, I thought the thread was dead!
Having seen your interest, perhaps it is a worthwhile topic!
Thanks Joe!
Once I saw the photo of the mouse, I thought the thread was dead!
Having seen your interest, perhaps it is a worthwhile topic!
Personally, i only invest in small-mid caps so this is an issue i have come across a few times. I nearly always take part profits and leave the rest in. I just don't have the skill to pick when a run has come to an end. Easy in hindsight but hard in foresight.
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i think the art is not just to spot the potential big bagger but to hold your nerve
when others are looking to exit.
for example i like a new tech company listed not long ago BCT its product is
called bluechiip which is a tracking device for use in the medical industry.
im going to get in now with all the smart money & yes it may take time
but holders will be rewarded as for an exit just set yourself a price you think
is best value.
dont forget BCT is a tigerboi quadzillion bagger...tb
when others are looking to exit.
for example i like a new tech company listed not long ago BCT its product is
called bluechiip which is a tracking device for use in the medical industry.
im going to get in now with all the smart money & yes it may take time
but holders will be rewarded as for an exit just set yourself a price you think
is best value.
dont forget BCT is a tigerboi quadzillion bagger...tb
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I often think about this. Not having studied T/A to any great depth, I'd like to have a simple plan in place...
i.e. 'if SP doubles sell half'. Recover the original investment and let the rest ride...but for how long?
If the stock doubles in price again do you take more profit or just sit on it?
If you have conducted significant F/A then maybe your exit point is based more around fundamentals.
Why did you buy in the first place? It could be that you saw potential in the company that the broader investment world wasn't aware of, if the market becomes more aware of the potential of the company, and hence the SP explodes, maybe that is the time to significantly reduce exposure, and look for the next future multibagger.
Tough questions. Would be nice to be in the position to have to ask them.
i.e. 'if SP doubles sell half'. Recover the original investment and let the rest ride...but for how long?
If the stock doubles in price again do you take more profit or just sit on it?
If you have conducted significant F/A then maybe your exit point is based more around fundamentals.
Why did you buy in the first place? It could be that you saw potential in the company that the broader investment world wasn't aware of, if the market becomes more aware of the potential of the company, and hence the SP explodes, maybe that is the time to significantly reduce exposure, and look for the next future multibagger.
Tough questions. Would be nice to be in the position to have to ask them.
tech/a
No Ordinary Duck
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Purple XS2
Yamaha 650 XS2
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For a potential multibagger, I try to set a dream scenario before I buy in, a sort of inverse to capital exposed:
So for example: I put in $1,000 - if it doubles, oh joy - sell half and be free carried on a stake now worth the original buy-in - get out quick on the first sign of weakness, because that second sell is your profit.
For bigger stakes, sell a smaller fraction, but sell sooner and settle for a nice profit (say, 33%, on 1/3 original holding?) Again, sell most of the remainder on the first sign of a stall.
The simple fact is that a good profit is much, much more likely to disappear than to double again. Always be be prepared to take at least some off the table. Greed may be good, but it needs to be contained lest it do you in. The rise is so much more (NB: more, not less! ) enjoyable when you've actually stashed some of it.
And finally, I've been playing this game for about 7 years, just in time to get a bit too cocky for the GFC (Mk 1). I've only caught 1 true multibagger ($x * 4, CDY, November 2010), and yes, I could have in theory made more, but the stash that I banked saved my bacon - if I'd played it hard, I would have been left with burnt toast.
So for example: I put in $1,000 - if it doubles, oh joy - sell half and be free carried on a stake now worth the original buy-in - get out quick on the first sign of weakness, because that second sell is your profit.
For bigger stakes, sell a smaller fraction, but sell sooner and settle for a nice profit (say, 33%, on 1/3 original holding?) Again, sell most of the remainder on the first sign of a stall.
The simple fact is that a good profit is much, much more likely to disappear than to double again. Always be be prepared to take at least some off the table. Greed may be good, but it needs to be contained lest it do you in. The rise is so much more (NB: more, not less! ) enjoyable when you've actually stashed some of it.
And finally, I've been playing this game for about 7 years, just in time to get a bit too cocky for the GFC (Mk 1). I've only caught 1 true multibagger ($x * 4, CDY, November 2010), and yes, I could have in theory made more, but the stash that I banked saved my bacon - if I'd played it hard, I would have been left with burnt toast.
Just had a look, that's a great thread.
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Agree with you sinner,
I don't know how these good threads end up in the basement.
tech/a
What a coincidence to find FCN Falcon in your thread.
I did a double take when I saw it.
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