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Bill have you been through this kind of pullback with Harmony before? Does it make your stomach ache? Do you still think it's better to just hold it for longer and not sell when it goes up? Do you ever use cov. calls when it has gone up significantly? (Perhaps that's the way to go on the next upturn.) Freeus
freeus, yes I went through a pullback like this back in March from 11 down to 8.5. I sold at $9.50 & got back in at $10.50 which cost me @ $120K & moved my 20% capital gain from October to March. With this pullback I started with butterflies in my stomach & the runs, then it went to a stiff neck, & yesterday my brain was vapor locked with the Pre market at $12.15. I should have had a margin call yesterday but they missed it. Thank God we closed at $14.30. I do not use covered calls but may look into for this next run.
Thanks, Bill. Do you do any selling/buybacks to earn some $ or to buy more at lower prices? I'm retiring this week and would like some income from my portfolio to supplement a rather weak pension. Freeus
freeus, I am planning on just holding my position. I am margined to the maximum with 80k shares. I can not buy any more at these levels. I will consider selling some in October, March, & June when they are treated as long term gains. The dividends HGMCY will pay should help on your income. The last dividend was a 50% bonus & I think the August dividend will be at least a 100% bonus.