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Magnum Hunter Resources Corp. Message Board

  • jfameritrade jfameritrade Oct 4, 2013 12:48 PM Flag

    Emerging Investor's first stock pick ever -

    First investment I ever made was this one - 1200 shares at mostly at $3.95, I got about 200 at $2.80. Have not sold a single share so far. I love reading the post on here daily. Especially when the shorts where louder a few months back. They almost scared me a few times but I stuck to my guns and listening to the other Longs advice. I Think I will hold on to this for a least a year but man is it very tempting to want to sell and take profits on my first investment since its been so successful. But The whole point of investing is to make more money and I don't know where else I would put my money even if I did sell.

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    • I may not be as experienced in the market ways as are many of the esteemed posters on this board. However, my advice to you is simple. The answer to sell or hold depends on how badly you need your profits, how much time you have to recover if an unforeseen failure should happen and whether you believe Mr. Gary Evans is a man of his word. As to how badly you need your profit, remember there is always a very small chance that any company can fail due to unforeseen circumstances beyond the control of management. As such, if you badly need your profits, then you should sell at least some shares and lock up enough profits to cover the cost of your original investment. And put the money into a safe account. On the other hand, the CEO has clearly stated several times the company today is worth at a minimum $8+ per share and a maximum of $13+ per share. If you believe him, as I do, and you don't need the money now, then why would you consider selling at an unfair price? Congratulations on a job well done. P.S. I have 25% of my retirement portfolio now invested in two stocks, KOG and MHR. I started out with maybe 15% of the portfolio, but they made so much money that it is now 25%. But I don't have a lot of investing years left as a young man might have. So I have sold about 15% of my MHR holdings to lock in some profits. Selling was a bad financial decision on my part for it has cost me profit - but a wise one in terms of reducing risk. Good luck.

      Sentiment: Buy

    • Just remember it is really gambling JF. It is just that you can hedge your bet though good DD and staying alert for news on your stock. Good luck on your next plunge into the market. You don't need luck on MHR, you picked a winner.

      Sentiment: Strong Buy

    • Why get out now? This baby's built to run and it finally did. Still more to come.

      • 1 Reply to slabman1
      • Ok since you are so new, looks to me like you have around $4600 or so tied up(I did not take the time to do exact math) you should sell half your position to get your investment money back,that leaves you with 600 FREE shares, and you let those ride, you have to remember you have not made any money untill you sell. This is a no brainer under your circumstance. Frees up capital for future investments and takes 100 % of risk away.

 
MHR
8.57-0.22(-2.50%)1:49 PMEDT

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