Again, aggressive speculators/traders would take a different tact than I am - buying here in the upper $3s and flipping out in mid $4s to low $5s.
While the market is going nowhere fast, the trades that are available are fantastic and happening in very short order. Frankly, although a money making opportunity was lost, I feel quite happy with the movement and ability to exit just a bit lower than where I rebought these shares so I can observe from the sidelines how the stock moves going forward. I was worried the stock might be stuck back in the upper $3s to low $4s for a while and I'd be sitting on more substantial unrealized losses.
With this large rally back to near $5 I am going to use this opportunity to cut back exposure, and see how the stock reacts to its 50 day moving average. If it breaks north of that, we'll jump back in as it would signal people are willing to look past any near term news...
I'm cutting APWR from a 1.9% stake to 0.6% with sales in the $4.90s.
Long APWR in fund and personal account
