What to do with my 500 points in IRE?
This is more of a Poll, then a call for investment advice, though i would certainly appreciate real advice.
I have a 500 charm in IRE. It sits now at 12.63. I got in at 1.98. The 52 week high is 44+, and where it may take a LONG time to get back in there, IF THEY SURFACE THIS CRISIS AS A GOOD BANK, they could eventually MAYBE even break that in 5 years. ?
So where it is a great idea to lock in some profit, i wonder, what are the chances of IRE going below 1.98? Pretty slim?
Right now i am in compounding heaven. If the stock moves a dollar i get about 50 points or so. If it goes to $25 i could make about 1,200 more points, for a total of 1,800 ? (yes i know that's simplistic and wrong) . This stock could net me THOUSANDS of points. But what if it tracks all the way down and then stalls or whatever?
Should IRE be my hope forever hold stock?