GNBT roller-coaster (March 26th Update below)

A day after writing such glowing reviews about GNBT, here I am telling you that I got out GNBT.

I was tracking this the whole day. The run was great, but it couldn't last and I didn't have heart for that. When it hit about 5, I changed my trade from 18% trailing all my holding to two sells that would give me better price at around Noon. Here is a Yahoo message board posting.


Here is the extract of the posting:

Guys,

My heart couldn't take it anymore. I am leaving. Have ridden this one from 0.94. Sold half at a trailing stop at 1.32 (trigger 1.4 in Jan). Had a trailing 18% on for since then.

Now I have put two orders.

1> half my current holding at stop mkt 4.5 expiring today.
2> Rest of my current holding at 15% (current activation around 4.15) expiring April 30th.

I am happy with my run and wouldn't mind if one or both these orders are filled. This bird has flown too high too quickly for me.



Both my sells were taken out at $4.40 and $4.00 for an average price of $4.20 and an over all average of $2.76 (including 1.32), one of my top five return, almost tripling my initial price of $0.94 in 4 months.

About long-term,

I still like the stock and will be willing to buy back when it reaches below 3
I will have to do more research for the exact entry.



Other stock that I am tracking is MSFT (I like the drop today) and a friend's recomendation VSPC.OB

(UPDATE MARCH 26th)
I think GNBT is a good buy if you can still get in below 3 so I will be looking to pick up some if I find some opportunity.