I cashed out of the Market today Teacherman.
They never say go all in on one stock, but I did just that with Regions Financial. I saw the opportunity with RF through my own D&D and cashed out all my other stocks and went in very heavy between 3.50 and 4.05. I sold half @ 7.10 and the other half today @ 8.22, needless to say my instincts and research were correct, and the profits of course were extremely pleasing.
Now, I'm going to set on the side lines for a bit and see if this overdue market correction comes sooner than later. After all, it's not a matter of if, but when. Until then, I'll keep researching for undervalued gems and see where this market leads us in 2013. We may have a tough summer ahead.
It’s been a great profitable ride since 2009, but I’m becoming very leery as of late. I still think RF is a buy and it’s just a matter of time before we see double digits again with this company. Who knows, I’ll probably buy it again on a good dip. However, I won’t be going all in (again) =)
Hope you’re doing well Teacherman and as always – Fool on!!