Last month, the most common ticker symbol to show up in the blog comments here was UNXL. I couldn’t understand why there was such a strong desire amongst the natives that they had to own shares of this stock that had just been murdered the month before. However, rather than care about what others wanted to buy, I watched the stock, thinking only that it would do something remarkable to explain why everyone loved it so much. I watched it at $17, $16, $15…etc. In the end, I was sad to see the stock did nothing but satisfy your desire to own it by slowly bleeding to death daily on down to $12 per share.
My timing, interest, and analysis on this trade centered around one isolated instrument: You.
The moment I was no longer asked about the stock was reason enough to buy it. So now that the stock has increased 25% since the entry, I want to thank you for such an awesome recommendation.
I would ask your opinion on whether or not to sell, only so I can do the opposite.
Let’s do this again soon.
OA
If you enjoy the content at iBankCoin, please follow us on Twitter
I’m laughing as I type this….just playin’ around ya’ll.
In other news, I bottom ticked a monster mover today. So feel free to make fun of me for closing a monster winner like an amateur.
$PLUG…that’s all.
Monster
Awesome when the market goes down to have a few PLUG, LITB, NFLX, and UNXL’s on deck.
Hey OA, love your body of work that you share with all of us.
So many great, good and shity ideas are offered by pros and dimwits every day on IBC.
I find, as I think you would agree, you have to put the ideas through your own system and make them your own decisions and learn what you can on the way.
I followed UNXL for a bit off of an IBC recommendation. Didn’t like it initially. Stalked it, bought it between 7/2 and 7/5 for an avg. $13.04 and turned it out 7/8 @ 13.44 for 3% and walked away.
But just as glad that I let it go, there are others I make my 3 or 5%, cut them loose and watch them still climb. The thing is I followed my system. I think most of the guys here do basically the same thing.
The thing for the new guy/gal is to develop their own system and not just look for the coat tail ride.
That’s great advice.
This is why I was so discouraged a few weeks ago, having everyone ask what I thought about trades I was in…realizing that for many, my trades were only a blind follow.
I am hoping that my new venture with iBC can fill a few gaps in this process.
Thanks for the comment.