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YOU BOUGHT OR SOLD IT AT THE PRICE?
He said "taking profit", so I'm assuming he sold.
What he meant was "taking loss."This fool thinks if you buy something at 22 and it goes to 16, then you sell at 16.50, you're "Taking profit" on the move from 16 to 16.50.
bought at 16.52 sold at 16.58better to take 6 cents profit that 22 cents loss
you are kidding, right? .06????
It's better to buy things that you have more than 6 cents confidence in. It was a rookie move all the way around.