GS Hldg was mentioned for long on 11 Nov Monday morning at ard 0.525(as shown in the live trading idea below), and it manage to go up immediately thereafter and reached 0.60 on 12 Nov Tuesday, a 11% move the NEXT day. Congratulations to those who caught GS Hldg according my analysis! It is also a wonderful feeling for myself to successfully help fellow traders/investors to get nice profit from the cruel market within short period.
Yesterday after market close, I start to receive phone calls and msg asking whether can hold the position for long term, whether should close existing GS Hldg positions. Some asked me whether can consider buy some now because they feel the company announced better earnings in Aug and price may move higher. I would like to share my view to address these questions:
First and foremost, I take note that GS Hldg is a uptrend stock now, so it is possible that it may move up some more although price had already gone up 11% just within 2 days. So for those who already have GS positions in hand and feel this company may grow further after the announcement of its turn-up performance in Aug, it is nothing wrong if you would likely keep holding without taking profit, UNTIL it start to show some weakness.
For those who have not open GS position but want to take part in the possible long term growth of the company. I will say chasing high for now definitely is a strategy involve very high risk. I usually won’t suggest any traders/investors to chase after a stock just move up 8-10% or even more(often happen to stocks I mentioned, can click HERE to read more) because the risk/reward ratio is not attractive already, at least for short term before it complete some consolidation or pull back. If you are bullish for long term performance of GS, may monitor it closely and wait for the next safe entry after consolidation.
Did you miss this GS Hldg trading opportunity? or you feel hard to do stock pick and price monitoring to catch nice great trading opportunities, like GS Hldg and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like GS Hldg and improve your performance in future......
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