Comments on: ACBFF Price Target Hit for a 55% Profit https://rightsideofthechart.com/acbff-price-target-hit-for-a-55-profit/ Stock Trading, Investing & Market Analysis Mon, 11 Mar 2019 14:05:15 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/acbff-price-target-hit-for-a-55-profit/#comment-2565 Fri, 16 Sep 2016 14:36:52 +0000 http://rightsideofthechart.com/?p=172972#comment-2565 One idea for those both swing trading as well as considering a long-term trade (i.e.- investment) in ACBFF would be to sell about 2/3rds of your shares here as the first target is hit which is essentially your total cost on the trade. That guarantees all your money back while you can let your profits ride while allowing for a more liberal stop that the official stop that was raised today.

ACBFF has very strong support around the 0.47 level & not that I expect the stock to go back there but assuming that you sold 2/3rds of your position today to get back your original investment and let the profit of 55% ride, you would still have made a profit of over 25% on the trade if the stock reversed & fell back below the 0.47 support level (about a 50% drop from current levels).

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