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Playing the Market

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Playing the Market

Postby knapplc » Wed May 03, 2006 3:28 pm

We are selling off some stock we have. This is a middle-of-the-road stock that had been going back and forth between $9 and $11 for a while, but recently went over $11. Its two-year high is $16, but that was right at two years ago – this time last year it was at $7. We set a target for sale at $12, but it closed over $12 Monday and we were too busy to get it done. Tuesday went by and it stayed over $12, now here we are near the close of trading today and it’s sitting right around $12.75. It’s risen 2.5% today alone.

Now we’re wondering if we should hold off and see if it climbs even higher.

Does anyone here play the market, and if so, are there any tips you can give me on how to know when to sell this thing?
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Postby Goatwhacker » Wed May 03, 2006 4:18 pm

I don't know if you want to, but if I knew the stock symbol it would be easier to answer the question. The traditional answer would be to hold as long as you like the company's fundamentals, but if you are asking about charting, etc I'd have to know the stock.
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Postby deeznuts » Wed May 03, 2006 11:02 pm

What stock is it?
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Postby portisfan24 » Wed May 03, 2006 11:31 pm

Where's MTR when you need him?
















Somebody had to do it.
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Postby Mercer Boy » Thu May 04, 2006 6:02 am

Heh...you're right! :-b He was quite the Trading Places experiment waiting to happen. He could become a commodities broker, and some old dude who works with stocks could go back to remedial schooling. I wonder how that would work out? :-D
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Postby knapplc » Thu May 04, 2006 12:58 pm

deeznuts wrote:What stock is it?


It's Avaya. Goatwhacker gave me some good advice Re: selling some of it now to lock in the price and some later depending on what it does when.


To give you an update on this sucker, it's gone up about $1.00 over our "sell now" price since Monday. We're letting it ride for today, but we may sell a portion of it tonight like Goat said.

This is a bit exciting, really. I can see how this can be as addictive as gambling. ;-D
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Postby Omaha Red Sox » Thu May 04, 2006 3:44 pm

Where were you Knapp? I asked a similar question last week here.
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Postby knapplc » Thu May 04, 2006 3:51 pm

Omaha Red Sox wrote:Where were you Knapp? I asked a similar question last week here.


I wasn't selling then, and I didn't remember it. Just replied to it, though. ;-D
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