imajica said:if the fundamentals of a stock are solid then hold it for a few years until it matures
locking in small profits and racking up brokerage merely makes e-trade wealthy and u regretting many missed opportunities to make Kongbucks
its happened to me three times in the last few months - locking in pissy profits and missing out on 10's of thousands of dollars
INL is a producer now - put these in the bottom drawer - forget about them for a year - multi-bagger for sure
imajica said:if the fundamentals of a stock are solid then hold it for a few years until it matures
moses said:Definition of "mature"?
When a stock's value grows 10% a year?
Or 10% a month?
Or 10% a week?
At what point is INL best to sell; when it reaches a dollar, or $10, or when your money could be put to better use elsewhere?
Accaeric said:a lot of questions
<snip>
I don't think INL run hard yesterday. it performed very well and would see another increment next monday. In most cases, sp surges and subsequently closes at a flat level with gain, that means driven force is limited and massive profit-taking incurrs. as for INL, closed at 28.5 which is near to a record high of 29. I reckon monday likely see another nice gain, but there will be a significant difference between intraday high and close prices.
moses said:10% a week will bring it onto my "consider selling" radar.
NOTHING gains 10% a month consistantly Moses. You better sell now if that's what you're after, and stick to 10% a year in a managed fund. (even that doesn't happen) Expect every stock to go up, down, sideways, and go bust at times....but NEVER consistantly up. If you find one that has done that month on month and will in the future please let me know. Even in the bull market we have had over the past 3 years you will not find one I reckon. Good luck!moses said:My questions were rhetorical. I'm looking for some nice gains from INL too, as it is the bulk of my portfolio atm; in fact INL has earned me an average profit of 53% in the 3 weeks or so since I began to buy (16 - 20c).
However, if INL growth drops below 10% a month then I'm not likely to hang onto it. Even 10% a week will bring it onto my "consider selling" radar.
Which is why I question holding onto INL (or anything) for years. Has there ever been a stock that earns above 10% a month for several years?
kennas said:NOTHING gains 10% a month consistantly Moses. You better sell now if that's what you're after, and stick to 10% a year in a managed fund. (even that doesn't happen) Expect every stock to go up, down, sideways, and go bust at times....but NEVER consistantly up. If you find one that has done that month on month and will in the future please let me know. Even in the bull market we have had over the past 3 years you will not find one I reckon. Good luck!
No. Thought about taking some profits (maybe half) but held them all. I have a good feeling about this one at the moment. Friday was really the first BIG day it has had for a long long time. I'm hoping there's a few more of those to come. I think I might just hold this one and top up on weakness, but I never say never to taking a profit. My normal rule is to sell half if something doubles. My average price for this is $0.185, I think, so will sell half at $0.37. If it gets there.nizar said:Agree with kennas.
(did you sell any of your INLs?)
Only 20% of my portfolio is 'trading' at the moment, 50% ish Managed Funds, 30% ish blue chips. These are 'investments' which I hold 'long term' unless things change considerably. I've thinnned these out quite a bit recently due to my fear of a crash.KIWIKARLOS said:do you guys ever hold stocks for longer than 12 months to avoid paying heaps of tax. I started of looking at this one as a short term (1-6 week) stock but im almost thinking of letting it sit for 12-18 months, i would keep an eye on it though
KIWIKARLOS said:do you guys ever hold stocks for longer than 12 months to avoid paying heaps of tax. I started of looking at this one as a short term (1-6 week) stock but im almost thinking of letting it sit for 12-18 months, i would keep an eye on it though
chris1983 said:I wont be selling INL now that they are producing. Their technology is great and when looking into the future..I think it looks very bright for them.
Porper said:10% per week compounded for the year is ...............a lot.Don't have my calculator handy.You obviously trade for a living and are very good if you think 10% a week is not enough.
If I could gain 10% per month on average I would be ecstatic.
KIWIKARLOS said:can you tell me more about BMN bannerman im looking at buying in but i dont know much about there major projects
nizar said:Just a suggestion.
Maybe you should base buy and sell decisions on the share price?
(Especially considering that it is the share price which determines your profitability)
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