HSX Forum

Playing & Trading Strategy

Would love any of y'alls opinions on this

Posted by: Dorfman on Jul 06, 20:59

Ok so I have 25k shares of a certain stock that is up 17.22%.  This stock just ipo'd and still has a long way to go as far as gains.  However  because it was up so much today and the fact that I'm a small port.  Do I sell at least some of it off and take some profit?  Seems that if a stock is up a lot one day, reset may have it going down the next.  I know because it's an IPO and we have no idea how far off the movie actually is, there are gonna be ups and downs that a small port like mine doesn't need to weather.  I have made almost half a million in gains not counting the commission to sell.  This is a huge blockbuster movie though and to get in at an IPO where the price will probably end up 3 times what it started out at is a rarity for me.   This is why i'm asking cause this is the biggest IPO I've been able to get in on since I've been here.  Other IPO's i've sold within a day or so because of irratic trading.  DO I make this one an exception? 

Thanks in advance for your opinions

 





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