Congratulations! I hope to hear positive reports as you work on your second million.
Scott Harrison
Senatobia, MS
Stock Ticker: ACAD
Unless something changes between now and the close of 6 July, it looks like the most recent trading range's intraday low that I was attempting to play off of was set on Friday, 26 Jun @ 46.93. Of course, I was expecting that intraday low to decline to 44.00 - 45.00 by the close of 6 July. One consolation is that I missed a near 9% decline within 4 days after I sold. But as of now (intraday) almost 8% of that has been recovered.
ACAD is not too far away from where I sold: 52.45 - 52.46. Am I disappointed that I sold? Not at all, because that near 9% decline justified it.
The only thing that has changed is that I just have to wait a little longer for ACAD to decline back into the mid-40's... keeping 46.93 in mind as support.
Here's hoping all of your trades go well for you!
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Yesterday, ACAD plunged 19.36% to close @ 44.69.
As you can see from my quoted post below, it is now at the level where I anticipated it to return to by 6 July. It just took a couple more weeks+ to get there.
But, I did not "bite" because it was reacting to this news:
https://www.investors.com/news/techn...ils-key-study/
And this... although the FDA approved the application, they did not fast-track it:
https://www.businesswire.com/news/ho...ccepted-Filing
Therefore, I will wait for ACAD to establish and settle into a new trading range before buying/selling it again.
Hope y'all are doing well! God Bless!
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Got in on the RKT IPO @ 18.73.
Anybody else get in on it?
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Last edited by Rod; 08-07-2020 at 10:11 AM. Reason: Add %
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Guess where I'd be now had I continued with my buy-n-hold strategy of 60 (C) and 40 (S) throughout the chaos?
4.13%
Of course, I can no longer compare this with my current TSP YTD because I no longer have my military TSP.
Just remember, do not run for the hills (selling at a loss) when everyone else is. RIDE. IT. OUT.
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Glad to see you soaring🚀 Rod, and thanks for the continued words of wisdom. Well taken, as always. Keep coming back while you gloat in your life's change👍
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