Sold About 60% Of My ONT Position

Home / Trades / Sold About 60% Of My ONT Position
May 17, 2007

I took a 50%+ gain in half of my ONT position in 5 days. I can’t let that kind of gain slip away. Plus its tax free since its in my IRA. Instead of selling the whole lot like I did on the last run, this time I held on to some. I’ll look to buy it back if we get another 1 month – 2 month pullback. I starting to think that when whatever news comes out that is responsible for this move in ONT will be a “sell the news” event.

I don’t want to overthink it, because the weekly chart says there is more to go to the upside. The daily is OB though.




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