It all depends on a few things. Are you up on the stock or do you have a loss? If you are down 7-8% on it, you should've already sold. Anyway, NWK may possibly bounce off its 20 day MA. I would sell it if it doesn't improve by Monday. There are other stocks out there with more attractive set ups than NWK.
No, i'm up comfortably on the stock. It's been doing very well, it was just odd to see it fall that far in a single day. I'm hesitant about leaving it because it's the only stock that I've profited on since July. But of course I'll leave if it doesn't bounce back soon.
One of the hardest things is exiting or selling a good position. Unfortunatly, it is the only way that one can recieve their profit from the stock. Just keep an eye on it (protect your profits) and see how it acts tomorrow.
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
4 Comments:
What do you think of NWK's sudden fall on friday? It had been doing so well that a pullback was inevitable, but 4.5%?
Should I be looking to adding to this stock, or preparing for a possible sell?
Mateo,
It all depends on a few things. Are you up on the stock or do you have a loss? If you are down 7-8% on it, you should've already sold. Anyway, NWK may possibly bounce off its 20 day MA. I would sell it if it doesn't improve by Monday. There are other stocks out there with more attractive set ups than NWK.
No, i'm up comfortably on the stock. It's been doing very well, it was just odd to see it fall that far in a single day. I'm hesitant about leaving it because it's the only stock that I've profited on since July. But of course I'll leave if it doesn't bounce back soon.
Mateo,
One of the hardest things is exiting or selling a good position. Unfortunatly, it is the only way that one can recieve their profit from the stock. Just keep an eye on it (protect your profits) and see how it acts tomorrow.
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