I always have this problem about when to sell. So today, I'm just doing it. Not thinking about the what ifs or could have beens. I finally broke even on Ingersol Rand (IR) and is by far one of my weaker stocks (in terms of growth potential). I'm going to use the sale from it for a new investment pick or expanding a third on existing picks.
Amedisys (AMED) got pummeled today, almost 18% down with no news. I did a little research as to why the sudden drop and found a VERY interesting article from CitronResearch.com. I'm not saying that AMED is a poor company, but I am going to lock in my profits for now until the rumor mill is shutdown and emotions ease up. Hopefully I can get back in at a better position in the end as well.
On a plus note, CREE is blowing up after hours. Apparently they reported well. Let's hope for a good boost tomorrow morning...
Tuesday, August 12, 2008
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