% | $
Quotes you view appear here for quick access.

Monster Beverage Corporation Message Board

  • adslkid adslkid Oct 2, 2007 11:18 AM Flag

    Well, I sold

    Was feeling I was being greedy at this point and looking at the near term chart, I feel we are overextended.

    The trend line is closer to $47, so I could not leave my profits out there and had to take them. I would rather lose opportunity than money.

    I made 25K with HANS. I'll be keeping and eye on it from here forward, and will buy back if there is a pullback before earnings, which are over a month away.

    Good luck to all.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I understand that nervous feeling. After what, a year of struggle, it seems like "all of a sudden" we're up substantially - and because this has taken so long, we really don't have much support in terms of a consolidation period should the stock start to go down - although my feeling is that we are starting a sideways trend right now which may last for awhile - until we get closer to earnings or someone comes out with some real "news".

      I myself have put in trailing stops that allow me to ride the stock up without selling, yet sell if the stock tanks more than a couple of percentage points for whatever reason. They're far enough down that market volatility won't trigger them prematurely, yet tight enough that I won't feel badly if they actually spring.

      I know, I know, this seems contrarian, but I've got to sleep at night too.

      By the way, I don't think anyone who's hung in there with HANS from before "the drop" could be called greedy; vindication of wisdom and courage isn't greed.

143.30-2.80(-1.92%)Oct 27 4:00 PMEDT