No one needs a reason to take a profit -- all other things being equal.... But "bull trap" is... yup "bull sh!t"
I got to read "the exact words" from the "tout" Barron's interviewed. 'fyabuy 50% or more of his spiel -- and I do! -- fearing a 50 cent retrace and acting accordingly has got to be one of the most idiotic things I could imagine.
We all remember -- whether from pers. exp. or not -- "plays" like Taser, things that wound up selling based on, "If every law enforcement person" in the world carried 2 of 'em by 2006, the stock could double from here" or something like that.... If somebody "smells" that 'round here, s/he does well to sell at the market. Otherwise, enjoy this friggin' ride -- this should touch $15 some time during Feb. and $20 easy by 3/31. You got anything else with such prospects (and I mean REALISTICALLY!) I hope you own calls or have raised every penny you can to magnify your good fortune. For me, this is a far more modest commitment, but I just can't believe there are folks who want to be on the sidelines (certainly not unless we get to 14, say, before then) for the 4 PM announcement Monday... and the 5 PM "let's pat ourselves, our employees and shareholders on the back so hard that we'll all need chiropractors before we're done" message that's a-comin' as sure as Monday is!
Hope I've succeeded in hiding my true feelings on this subject, or at least toning them down!