Wall Street Unplugged - Your Best Source For Finance, Investing & Economics

Ep. 516: Frankly Speaking: When to Book Your Profits

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Sinopse

Welcome back to another episode of Frankly Speaking. Whenever I'm up on a stock, there always comes a time and place to take my profits off the table... And unlike how we protect ourselves on the downside by the use of stop-loss orders... there is really no set formula when it comes to booking profits. The answer remains in your initial investment thesis. And to start off today's episode, I explain exactly what I mean. Moving on... I then discuss a stock that is now on my radar, only thanks to you - my readers who question-in. When I first looked at the stock, which is currently sitting at 7 cents, I laughed... But it turns out this company makes a very interesting play. It has all the factors I like: The company has key projects under great jurisdictions... they have great investors and parters... and more important, they have an excellent management team in place. In fact, the company's most recent addition to their board of directors has come from one of the most successful publicly traded agriculture comp