Give it a rest. Had we listened to you back on the 16th we'd have missed out on nearly $10.00 per share! There's no getting around that and that's a lot. That would have been a terrible move. I'm not saying never take profits, but you have to know when and everyone has to do it in a way that suits their own investment scheme.
from 16 April until now. it traded $$25 - $23 - $25...three complete patterns....
This is why I suggested what I did.
Let me go back a few weeks and see if that pattern was also in plave...I'll be right back
Count how many times it bounced from $25 to $22 since April 16th...
This is why I said what I said!
Other posters keep asking,.."If everyone is long how can we make money?"
So, that was my solution...
still hold a core position, but have been trading the heck out of this, too, and have been making a ton of extra cash. I think earnings will be satisfactory...nothing stellar...how could they be stellar in this global economy. That said, I'll keep with my core position and continue to trade additional shares as BGC has fairly wide price swings due to its relatively thin float.
Help me out here.."long term hold"..either you like it or you don't..you like it, you buy more, you don't you sell it...Long term hold tells me you are holding it for the sake of "holding it". Not a smart move. Believe me, I use to do the same thing. It doesn't work. BTW, I'm long BGC and buying more!
He must be shorting because he says "take profits today", when the stock is up 86% since March 9?....Sounds to me like he knows when to take his profits and not be greedy. Long term going higher, but overdue for a pull-back.
I don't doubt that we're due for a pullback, but people have been saying that since it reached $18.00. Fortunately, I've stuck to my own system. I think it's pretty stupid to listen to some stranger on a message board when they post a terse message like "take profits today," but to each their own. These are not ordinary times.