Tman, visit a site which offers company
news for a stock, like cbs market watch, prnewswire, or even yahoo finance. You
should be able to read news at the website
for this company.
Look for these headlines:
UPDATE 2-Bell Canada signs C$200 mln deal
JDSU, Citigroup, MMM, AMTD, FBAY. GM
JDS Uniphase, networkers lead tech rise
India`s Wipro Q3 net up 18.6 pct, above
Investors are buying on good news, which
is ok, sometimes, not ok. Those articles
are pretty positive, one especially which
warrants a good jump in price.
Tman, be very careful and watch your stock
very close, like several times a day. You
are in for a great profit (hooray!) and
you want to maximize that profit.
Good news buys almost always display an
event you can expect, consistently. This
event is a very sudden high spike in price,
followed by a sudden drop in price.
For the price range you are in, your broker
will offer "stop loss" settings. This is
a "sell" order if a stock falls to a preset
price, a price set by you.
This can be very beneficial and can be very
dangerous; works for you, works against you.
You need to set a "stop loss" price which
is not too high yet at a price you know
means the price is falling. You also need
to adjust your stop loss, daily.
Stocks, as you know, will often fall a bit,
then continue on upward. If your stop loss
is too close to current prices, your stock
might sell on a slight fall, then later,
prices move on upward. You are out, though.
You had a low of 6.91 and a high of 7.33
today. Closed at 6.97 per share. This means
the high could not be maintained, your stock
closed down by your day low. This "could"
indicate your stock is about to fall.
That is not guaranteed, though. This type
of action is common with volatility, and
your stock is very volatile. It just might
continue rising, although I think not.
Look at some decent charts. You will see
your "upward price" volume was greatest
a few days back. Currently you see a bit
of "down price" volume mixed with up, but
less up volume than before.
Otherwords, technicals are suggesting this
stock is beginning to fall in price.
Kinda looks like your stock has reached
its maximum price. I could be dead wrong.
Tman, you have a hard decision to make.
Will your stock continue to rise, or will
it begin to fall? I do not know, honestly.
Personally, I would tempted to insert a
"stop loss" around 6.89 to 6.90 and hope
it does not fall that far, then skyrocket
again. You have to decide this!
You, yourself, are your best stop loss,
if you have time to monitor all day,
I cannot tell you to sell nor hold. I do
know what I would do, but it would be
very wrong of me to share my thoughts.
Set a price at which you will sell, no
matter what, and stick to that price.
Give careful thought to how you can make
the most, and minimize the down side.
Do not try to sell at a maximum price.
Always sell within five to ten percent
of what you "think" will the highest
Usually prices are highest during morning,
and lowest during middle of day.
In closing Tman, do not be greedy. If
you are, greed will always bite you.