I didn't realise you were already in AOG. Well done on picking up that run, hope you got most of it. But yes it's late in the initial move and you need to decide whether you want to hold through my expected pullback into Wave 2 as discussed above for the longer term. I've argued with Heraclitus about this issue, he would hold. I guess it is one you could hold for tax reasons or something longer term and just wait for Wave 3. If I was in it though, I'd be watching like a hawk to see if it can firstly get back over $3.01 or fails here. If it gets above it then a trailing stop of some sort maybe with a view to take my profits before any significant retrace.
Re STO, you do remember our chat yesterday (I think) about picking bottoms!!!. As far as I'm concerned you haven't missed the run in STO at all. Ok it had a little spike with some short covering most likely, but it's still under the monthly downtrend line. Looking at the weekly chart it still hasn't put in a higher low there. Yes it may be turning, but it's fallen so far, you don't need to be the first on board this. I'm watching it and even wandered onto the STO thread on the weekend for a chat with the punters there, but still too early for me. There is some evidence the bottom is in, but I want it to prove itself before I make a move.
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