Posted: 1/25/2013 4:36:01 PM
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!!