| StockFetcher Forums · Stock Picks and Trading · Question of the day: 10/6/2021 | << >>Post Follow-up |
| styliten 332 posts msg #157791 - Ignore styliten modified |
10/6/2021 1:37:20 PM If you have had this stock for a while (say since sometime in September 2021), would you SELL it today? Why and why not? 
PS The red and purple reference curves are S&P 500 ETF price benchmarks for 10 & 20 days respectively, whereas the the thick horizontal lines across the entire chart are S&P 500 ETF price benchmarks for 30 and 40 days respectively (using "draw price line at clri(spy30000, 16) etc. etc." ) So visually it shows the most recent returns of IGT is way above returns on the S&P 500 ETF benchmarks for 10/20/30 & 40 days, period. |
| Cheese 1,374 posts msg #157792 - Ignore Cheese |
10/6/2021 1:50:54 PM https://www.stockfetcher.com/forums/Stock-Picks/Question-of-the-day-10-6-2021/157791 styliten 10/6/2021 1:37:20 PM If you have had this stock for a while (say since sometime in September 2021), would you SELL it today? Why and why not? ===================================================================================== @styliten I only tackle your tricky question because I've found value in your prior posts. 1 Reason to sell: Take profit as current price near ceiling of 2016 & 2018 2 Reasons to hold: Let winners run per Williams O'Neal via Ed S nibor100: Too high tends to go higher https://www.stockfetcher.com/forums/Filter-Exchange/Comparative-Relative-Strength-not-RSI/157737/0 and per styliten Translating Relative Strength So, I'd take a chance, and hold IGT The trend is our friend, 'til the end, when it bends |
| styliten 332 posts msg #157803 - Ignore styliten modified |
10/7/2021 11:03:28 AM @ Cheese First off, you win (even though today's rebound is nothing more than a reaction to latest debt ceiling news cycle). But personally, I would still have sold IGT yesterday. What you said about holding a stock in an uptrend is definitely correct in principle. However, since the market has rebounded so much since summer of 2020, the urge to take profit whenever one can is also very active in many minds. As a self-reminder, I would more likely to "err" on the side of potentially and knowingly leaving money on the table (and go home happy) in this bigger market background (not to mention continued and unresolved trade tensions with China, etc., etc.) |
| Cheese 1,374 posts msg #157805 - Ignore Cheese |
10/7/2021 1:03:50 PM @styliten I only wanted to give my 2 cents' worth to your request for inputs because I appreciate you sharing some of your good ideas over the years. I wrote the post in a hurry because I thought you wanted to make a decision, so I forgot to mention time frame, money management, etc Happy trading ;^) |
| styliten 332 posts msg #157845 - Ignore styliten modified |
10/11/2021 6:13:22 PM New question: Assuming you got into CHK sometime during end of August/Beginning of Sept., would you have unloaded it today? 
Your gain would have been closer to 30% if you got in closer to August 20th, but only 15% if you got in after Labor Day. If CHK isn't "bad enough" for 10/11/2021, what about SRPT? 
Regardless when you might have actually entered into SRPT, would you sell it TODAY on 10/11/2021? |
| Mactheriverrat 3,173 posts msg #157847 - Ignore Mactheriverrat |
10/11/2021 6:26:35 PM CHK had a higher high but a lower high on the RSI 14. Sign of divergence. Short term sell .  |
| StockFetcher Forums · Stock Picks and Trading · Question of the day: 10/6/2021 | << >>Post Follow-up |