You Can't Time The Market

[payne_n_diaz]

My Ballard Power (BLDP) jumped today. It had hit over $12.00 and I figured if it stayed true to form it would creep back down, especially since I found ZERO news about why it was shooting up. It made no sense. So I sold it at $12.05. Not 20 minutes later and it shot up higher, to like $12.50. I figured, oh well, I bailed too soon. A little later I checked it again and it had hit a high of $13.12! Darn it... But hey, at least I ended up with a $500 profit!

Lesson learned - Use a Trailing Stop in the future when you are in the money.

Comments

[mcbarnes1970.livejournal.com]

Well, if it goes back down I wouldn't be against buying some more. I think there is potential with that company, but I needed to take me some profit.

[sipperphoto.livejournal.com]

yeah, that's defnitely a nice little chunk of change... I'd wait to see if it drops pretty good... then pick it up, wait until it goes back up and sell off again...

Jeff

[primemover.livejournal.com]

What methods of research do you use for picking stocks?

[mcbarnes1970.livejournal.com]

I look at trends, stochastics and moving averages and watch for channeling between support and resistance. However, back when I bought this stock a couple years ago it was based of a recommendation from one of my investment magazines - but I don't do that anymore.