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Manitex International, Inc. Message Board

  • bananas500 bananas500 Mar 26, 2013 2:28 PM Flag

    Up as much as 11% yesterday

    then settled being up almost 6%. Today is was up as much as 3%, now it is down 2.5%, what a ride. You got to know when to take profits, then you got to know when to buy or unless you just want to hold and ride the ups and down, which is ok, but you aren't maximizing your profits. It does take work, but it is worth it, we hope.

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    • Banana,
      Since when you maximize your profits by taking profits and trying to catch every fluctuation of the stock.
      To maximize your profit you hold your position until the stock stops trending.
      Simple as that.
      Nobody can catch all the fluctuations !

      • 1 Reply to alfonsdiabel
      • Not that simple, when does it stop trending? You take your profits when you can, because you never know when something happens and you lose your profits. Lock in the profits, then you are not kicking yourself. MNTX goes up and down at a drop of a dime, so it would make sense to get your profits, then wait for the inevitalbe pullback to buy again, then repeat. I made 48% on the sale of a couple hundred shares.

 
MNTX
8.12-0.29(-3.45%)10:50 AMEDT