Hey guys, checking in… up $42k this month trading YY, I get my stock alerts from #$%$. Saw an analyst recommend them on CNBC and have been using them ever since, currently long right now in my portfolio.
Afamiii, thanks so much for some logic to your opinion. Refreshing when you consider some of opinions that are just assert good/bad. After looking at it carefully, I'm feeling that another stock would likely give me greater return over the short term and so I'm closing out with a nice profit. Hopefully will re-enter afterwards. I do appreciate the comments!
PS: YY is a volatile Baby, as soon as their is some bad news from China, the insiders will take the opportunity to open the stock 3% or 4% down to see if they can shake you (nervous investor) and get your stock some percentage points lower. Now this is something I know about with regards to the future. Or alternately, they will get someone to initiate a short attack.
The future is not only unknown, it is unknowable. Who knows maybe Chinese troops will appear on Senaku Island over the weekend, then where will YY be.
That said, odds are in favour of hitting 110 within March. The fundamentals can support a price of 150 without much of a sweat. You may recall it went up 50% when it broke out last July. Another 50% from this breakout would be $117 ($110 to be conservative). I think some of the brokerage houses also have targets around that.
We are in a bull market, we are in an ascending stock that is being accumulated. I am not expecting resistance before $100 at which point I will let the technicals guide me as to whether or not to cut my position size by 30% to 50%.
I mean, over 17 million shares were bought over the past 3 days. More than 3 times the average. Unless you are a big player with big volumes to sell (i.e. you sell when you can, which is when you get volume spikes), I would let it play out.
That said, the future is not known, if you have a big profit and your nervous, you may be better off taking some off before you get psyched out and sell at the wrong time.