Not sure why you picked up to thumbs down so I gave you a thumbs up. A few questions...through which brokerage do you trade and how much do your trades cost you? by my simple public school math, you cleared $624 on your last two trades...not too shabby a return for a 7 day period...congrats! I bought back at .84 but honestly, I don't know when to sell. Just sort of hanging on to my very small stake for no particular reason. Might sell, might hold...truthfully, I do not see what would drive down this stock price.
Thanks for the thumbs up burgresident, I'm all for a friendly community discussion where we can exchange our varied views in a useful manner.
I use Schwab where my trades cost roughtly $9 (US) a trade. So my cost to buy then sell is $18. There are of course other brokers which may save a couple dollars, but I am much more interested in a broker who executes my trades efficiently and honestly (which is worth far more to me than a couple dollars). So I can say I am very happy with the cost and execution of my trades by Schwab.
Thanks as well for recognizing the fact that BRD has been very good to me this year (6k+ profits). Though this is not always the case. In 2011 I traded more often than this year and ended the year losing $200+ as BRD lost half it's value.
As for your trading strategy, only you can decide. My advice is to know your own temperament, pay attention to what you do well, define your strategy on paper, and then execute it well. You have a position at .84, this is good! Now are you good at hitting home runs, or are you better at hitting singles and doubles. Of course to make a living with singles and doubles, you need to trade more often. me2yousee above appears to be going more for the home run. Some people are very patient and successful at more long term strategies than I.
You can also sell half your shares locking in some profits. This way if BRD happens
to fall for some unforseen reason, you can dump at what you paid for it and still make
money. If it shoots up which in MHO it will you will still make a bunch of bucks. From
your posistion its a cant lose way to play.
Remember you will never go hungry taking profits.