You can never go wrong with taking profits ... but for me I do it one of two ways. I either take it at 20% or I'll let the stock chart tell me when to cut and run. I use technical analysis or chart reading to pin point exactly where and when i get in and outta stocks. I always consider the general markets when buying and selling stocks too. To make a long story short, if i were you, with THO earnings still 6 weeks away, I'd ride this out a lil longer and maybe use the 10 or 20 day moving average as a guide. Since we're in an uptrend market/bull market for right now, I see no reason to cut and run at this point. But nobody can fault you for taking profits now. Picking stocks i use more fundamental analysis, growth rates, future estimates, etc, etc. Keep in mind, I'm a growth stock guy that looks for momentum. I see enough *momentum going into THO than its competitors like WGO. I will ride THO until I see trouble price/volume wise. Good luck to us!!
You can never go wrong with taking profits ... but for me I do it one of two ways. I either take it at 20% or I'll let the stock chart tell me when to cut and run. I use technical analysis or chart reading to pin point exactly where and when i get in and outta stocks. I always consider the general markets when buying and selling stocks too. To make a long story short, if i were you, with THO earnings still 6 weeks away, I'd ride this out a lil longer and maybe use the 10 or 20 day moving average as a guide. Since we're in an uptrend market/bull market for right now, I see no reason to cut and run at this point. But nobody can fault you for taking profits now. Picking stocks i use more fundamental analysis, growth rates, future estimates, etc, etc. Keep in mind, I'm a growth stock guy that looks for momentum. I see enough *momentum going into THO than its competitors like WGO. I will ride THO until I see trouble price/volume wise. Good luck to us!!
Obviously I'm not the authority in stock trading but I've been doing this well over a decade now and I've realized that the real money is made in the waiting vs active trading. At least for me
Obviously I'm not the authority in stock trading but I've been doing this well over a decade now and I've realized that the real money is made in the waiting vs active trading. At least for me
Hold your head high. Still a solid looking stock.
Hold your head high. Still a solid looking stock.
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