Did you sell some at 46 like you planned? I'm still holding but may sell half if it goes another few points. I'd take all my profit but I learned a lesson on NSOL. I Happily took 30% when it hit 22.5, then watched it explode to over 50! I wouldn't put it past the Street to suddenly figure out what a good buy ERTS is and launch it in the same way.
Right now I'm up 32% from when I bought in around 36! So far this year, ERTS is my best pick.
I've sold much of my ERTS holdings, but am still not down to what I consider my "core" investment. I have to believe the stock is going down bigtime to sell that.
Unfortunately, the shake-out at the beginning of the week forced me to sell some at 44.75 and change with only a $.50 a share gain. I was holding those shares on margin, and had to do the responsible thing and dump them before they became a loss.
Sold yesterday at 45.875, cause I missed 46.125, damn it. Sold today at 46.75 when it took the first bounce, Sold again at 48.625 at the end of the day.
I have no regrets, I won't count the money I left on the table. And I'm cheering the stock higher.
I may put in an order to pick up some shares if the price retraces on Monday a significant amount (today's volume was lighter than average). And I'll be watching for the post-earnings action to see if people sell. I'll bet that if they don't beat the number, there will be selling from this level. We're at 30x forward earnings. Which is fair value for this stock in my book.
Glad to see you've taken some profits but are still cheering it higher! I think you might get that retracement you were looking for, maybe about down to 47 1/2 or so on Monday to fill in the gap a little after the breakout. What's certain is there definitely weren't any sellers left at the end of the day today, and whoever wanted the stock bid it up furiously! I definitely think we might be in for a breather to consolidate our new high a little.
Stock still looks fairly valued considered its growth prospects, leadership and especially the rest of the market! At this point, I'd much rather have ERTS at 35-40 x earnings with a booming video game market than DIS, KO or MRK at a P/E of 45 and best-case scenario of 10% growth next year. With only 66 shares, I don't have the leverage to play around and catch all of the little movements. I'm planning on holding for the bigger long-term trend. But I'm glad you sold on the nice move with some of your "extra" shares! You should break out the Dom tonight.
Also, did you notice the new warning about off-topic posts being discarded? A welcome sight. Oh, and there's even a Preview button! It would be wonderful if our postings were actually responsible for the changes, but we'll never know that. It's nice at least that they listened to our collective voice. Bravo!
Well take care and let's hope that those earnings come in OK. The market has a wonderful way of adjusting in advance even without the news out (for an example of negative news probably brewing, look at TDFX). So early indications are that ERTS will be just bonzer. Cross your fingers.