ag4123 said:
Newb question. Bought SRG midsummer at lows and now it has taken off. What do I look for to determine when it begins to cool off and lock in profits vs letting it run. Thanks I'm learning a ton lurking over here
Pay attention to volume and how that starts to look at a consolidation level. It is just breaking back out and did a quick look and some money has gotten behind the past few days (especially today). Most of those buyers are in at anywhere from $17-$19. If you look longer back it broke through a resistance level around $15.50ish. Also new CEO as if a few weeks ago.
Depending on what your share cost is I have learned (the hard way) how much going net free means to someone. If you bought around $9 maybe look to go net free here at $19 and the rest is on the house.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11