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Re: INO sold for double. Better than a stick in the eye. Em

By: smckay in ABGT | Recommend this post (0)
Thu, 25 Jun 20 3:00 AM | 59 view(s)
Boardmark this board | Atomic Bob's Golden Thread 		Msg. 30445 of 30749
(This msg. is a reply to 30442 by atomicbob)
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As I just posted, I rebought my shares. I know the smart move was to wait, but I worry about news risk on any given morning sending it up higher. I did the exact same thing in May, for the same reason, and it took 5 weeks to get back that repurchase price. You'd think I'd learn - perhaps not, lol.

Regarding the overall market, I don't trust these levels. I think the market is counting too much on a snap rebound in the economy. Any resurgence of the virus, which I completely expect - if not seeing right now - and those economic assumptions don't hold.

That's what's nice about focusing on these COVID plays right now. A bit contrarian to the market AND you can make money on progress that we all need.

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Re: INO sold for double. Better than a stick in the eye. Em
By: atomicbob in ABGT
Thu, 25 Jun 20 1:47 AM 		Msg. 30442 of 30749

I probably should have sold half and rode it out for free. But....had I asked myself when I entered the trade that I’d be happy with 20-30% gain ....i woulda said HECK YEA!

LOL

I expect some kind of pullback....surely. Then again, AMZN hasn’t given me a great reentry I was wanting. I bought one share back higher just be in it. Still, that one near the bottom was the biggest position I’ve ever taken. To lock in 25% gain in that short time was a real big deal for me.

I’d say I’d like to see the market test those lows, but at the same time that would take a huge wave of deaths. I just can’t commit much way up here.


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