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Monday, June 16, 2008

APWR & Why Stock Bashers Are Irrelevant

APWR is a stock I first bought in January 24, 2008 for approximately $14.25 (my first entry). I bought the stock because I was excited about the Company's news detailing its entry into wind turbine manufacturing in China.

On February 20, 2008 the stock hit $19.50, for an approximate 37% rise from my original entry. Prior to and during this peak in the 19's, the stock was berated by many stock bashers. One or two of them really were just sincerely challenging the research and estimates based on what was known and it challenged me to do thorough research on every stock I am in (because if I don't, stock bashers will). Other things I read bashing the Company however, were claims that were more opinion, or items I had a difficult time substantiating with fact or documents. (Or to put plainly, I thought they were BS)

The stock eventually pulled back (this can happen after a big run up), and bashers celebrated. Today, June 16, 2008, APWR (after releasing some earnings and doing some presentations along the way) closed at $26.38, approximately 85% higher than my original entry. Did I hold it for 85% gain? No, I sold way too early.

What I learned from this is:

1) Stocks will always have pullbacks. These pullbacks are many times technical and healthy and do not at all necessarily substantiate basher nonsense.

2) Just because I have an excellent stock find, it doesnt mean profits are a layup - If I have a great idea I have to balance sticking with it and managing entries and exits, because stocks can and will pull back after initial run-ups. (Selling half when I am up never hurts).

3) Stock bashers who post unsubstantiated claims against a stock are irrelevant.

No comments:

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Welcome to super-trades.com, blog home of Superman. Purpose of this blog is for me to discuss my trades and stock ideas (As well as opinions and rants on stock market related issues). I will mention the date and price I enter. As far as exits, I always try to take half off when I have some profit and if I believe in the stock, let the rest run further. I always also use mental stop limits, at which time I would exit and minimize any losses. I do not like to give price targets unless I can support them by P/E in some way or by comparison to another stock. I just post stock trades and ideas that I believe will go higher (or lower for shorts) and the reason I believe that. Individuals should have their own strategies for managing profits and losses. My stock picks tend to NOT be daytrades at all and many take time to move. I am not an investment advisor and this blog should not be considered or followed as investment advice.