Nothing is wrong with taking few $$$$ profit. I am still holding more than what I unloaded with Strong Buy Sentiment: Strong buy. Mr. animalfriendly why are you keep hold shares if you had "sell" as your long term. Shouldn't you sold all and short this stock? That will make more sense.
Remember year end is coming and winning stock usually goes higher with "window Dressing". This quarter earning will be around high nine mil compare to same quarter last year with five mil.
I suggested to buy and hold when it was between $4 and $6. Please just buy and hold it any price below $11. Buy now, if stock price goes down with market, buy more. Do not sell--( I sold some at $8.25 I had to take some profit from $3.50)
The logic eludes me--how can you sell at 8.25 and still have a "strong buy" sentiment?
As a long investor, here's my take which may or may not make the overly optimistic types happy...
Dividends are what make a stock hold its value. As a dividend/long investor, I'm interested in this stock until the yield gets to around 2%, which is when I have to ask myself why I'm bothering to hold it anymore. So for me, I'm going to sell around $8/share. Conversely, I get interested in the stock when it gets down to about $5.50/share. To hold $7-8/share, the dividend needs to be about .24/share annually, or .06/share each quarter (since rates are low). Since it's looking like .04/share for the next year, I sold a good chunk at $8 (along with beast511 apparently).
Yeah, yeah, "earnings double" blah blah blah. I've heard all that before and it boils down to this for me--if they have been making so much money for the last year, then they could have paid more divdends (or a one time dividend). And don't forget the downside risk--Polaris could have a bad quarter or move more work to Mexico and drilling is a manic industry.
Don't get me wrong, I still own thousands of shares and want the company to do well, but I would like to see a steady consistent climb with dividends marking the way.