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Provident Energy Ltd. Message Board

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  • gman310 gman310 Jan 18, 2012 3:36 PM Flag

    Time to sell?

    Anything that has a 20+% gain in one day needs to be reevaluated.
    Always look at upside potential vs. downside risk. My upside potential, between gains and dividends, had already been realized. The extra 20% was just gravy.
    Now it has been taken over by a company that I have little information on, and they are making several promises which, if kept, might mean that this could continue to be a good hold. But these are only promises, and in this market, promises are not always kept. Lots of downside risk if they cannot perform. So I will "take the money and run", and stick with my plan of steady growth, regular dividends, and a product that makes sense.
    Sounds pretty simple, but it works for me.
    Good luck.