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When Stock Shoots Up, Is It A Good Time To Sell?
This may be a bit on the topic of the buy and sell quickly, but its another question.
I bought Man Of Steel 2 last week, and have acquired a maximum allowed 75,000 shares. As those who hold it are aware, it has positively shot up, going from $150 to $215 in just a week. I've made almost 2.5 million in profits in a week's time.
My question is: With such deamatic profits, might it be good to sell at least some of it, take the profts, and cash out.. or ,maybe,.,. wait for a little pullback, and still cash out as a oroft? I know what people said about the idea of being charged commision etc. The thought of just leaving it, as it might go higher, also comes to my mind.
What advice do people have of what to do with a stock that had experienced such framatic leap? Kepp it, or cash out? Any advice would be appreciated.
When Stock Shoots Up, Is It A Good Time To Sell? Jul 23, 13:04
Do you think it will keep going up? Is there another stock you think will do better that you could put the money in? Jul 23, 13:18
