No. of Recommendations: 1
Hi,
I bought it, and it is finally up.
Do you think it is a hold, or a sell?
No. of Recommendations: 5
Depends on
* Do you still believe in the investment thesis? Forward earnings estimate is about $7, current price is 6.4 times that, so it depends in part on how much you might believe that sort of prognostication.
* Your position size
I'm still holding mine, but that may not be a good sign.
A while back I switched from holding stock to writing repeated cash-backed puts. This makes quite a good rate of return in a flattish price scenario, but I do merely "OK" if the stock price suddenly jumps a lot.
The greed case?
It's perhaps worth noting that it has done a fair bit better than the average S&P 500 firm since around mid November last year. If you're not going to be in a stock forever, it's nice to be in it during a period of outperformance. That could end any time, but hasn't yet.
Jim
No. of Recommendations: 0
Thanks. I think you do better if you can intelligently write calls an puts on a stock in general.
