PROFIT TAKING????

[#1]

ELLIES HAS RUN VERY AGGRESSIVELY THIS WEEK FROM 825 TO 890,IS IT TYM 4 A PROFIT TAKING OR SHUD I WAIT???

[kwagga]

Save yourself the trouble and just keep this to R10. My feeling is that it's going to be tricky to get back in once you take profit.

[md49]

Must you be screaming at everyone? Ever heard of lower case?

[Preston]

In this market, take profit when you can. It will build confidence in you and your trading plan.This market will give you plenty of opportunities to re-enter "Ellies" at a lower price. omo

[#5]

There's no reason to exit. I made the mistake of chasing and taking profits on Taste - Lesson learn't: Be patient and follow your system. Unless your system indicates it's time to exit, leave it be. OMO.

[#6]

Same lesson learned also on Taste! lol.
Bought at R 1, sold @ R 2.20....now its at R 4.
That was a painful profit...

[WES]

why not use a trailing stop loss based on the average trading range, and if you get stopped out eventually the decision is taking out of your hands and you make peace with it, nobody can predict tops and bottoms !

[sponono]

If I was you but I'm not you I will leave this stock alone and put a stop loss at R7. This stock has all the qualities of a stock that can triple (remember CML at R7??) 1) its trading below R10, 2) the earnings have just doubles 3) its trading at all time highs 4) it has less than 500 million issued shares only 60% is trading on a daily basis.

[sponono]

and it was the best performing stock last year, chances are it will be part of the 10 best performing stocks this year and next year

[fressa]

Im holding til R12. i recommend everyone else do the same. will re-evaluate when the price hits my target.

[kwagga]

R10 will be physiological barrier. The ease of a break of R10 will be an indication of buyer's strength on this share. I do however expect some sort of retracement one time or another. Another share on the move is Eqstra with a potential "hostle take out of Protec and a trading update of earning in excess of 20%. Exciting stuff.

[SimonPB]

My interview with Ellies CEO Wayne Samson is at http://www.maudestreet.com/maude-street-online/jsedirect-83-the-great-af-con-and-100-perfect-trades....

[Creature_of_the]

Or buy more........?

[Creature_of_the]

Just did .lol