I just sold a few of my winners but I did not sell it all. Lets say one of my stock is up 3x my money. I left the original 1x to harvest some more and took out the 2x part and use the winnings to invest in something else.
I am riding this one here. AMRN <<-- biotech
AMARIN CORPAmarin Corporation plc is a biopharmaceuti
cal company with expertise in lipid science focused on the commercializat
ion and development of therapeutics to improve cardiovascular health.
Cot dayam, took me forever just to buy it for she kept on rising and lowering out of my range as she was lingering around the $1.48
+0.03. Bought at $1.47 Now $1.50. Edit: just checked, back down to $1.47 now.
Here is my reasoning and I like to keep it simple.
-Her revenues are 47 millions so her company has money to play with and she is not going out of business anytime soon.
-She is up 42% in her last 30 days so she is trending nicely even if the market is all jacked up.
-Back in 2012, an investor invested 6.5 millions into this company and bought it at $14.43 dollars a share so they are losing their azz off now.
What this means is that they are working super hard to get their investment money back. I am not looking for $14 but $3 is good to double up my money.
-Here is the best news of them all. In 5 days, Feb 25th, the company is rolling out their quarterly earnings for this quarter and is expecting a 13 cents per share increase. What this means is that you can not lose.
Come ride with me if you want and once again, play at your own risk. This one is a hold for going long. Maybe future news are already factoring into the current going prices so who knows. Do your own research.