LIONIND, when to sell?

LIONIND, a hot an volatile stock recently, is making its way up to the resistance line at 1.30.It is obvious that the stock now is bullish. And short term trend is up.As shown in the chart, the previous resistance 1.30 is a possible reliable target for us to take profit at around 1.30.However, profit taking decision will be highly dependent on the price action of the stock in a single day with high spike and great volume. Judging from the stock characteristics alone, a sudden high spike with great volume signals a reversal in trend. The resistance 1.30 will indeed serve only as a rough guidance for us to lock in profit by doing partial selling. As the stock is normally correlate to the movement of the wave of penny stock speculations, another factor that will determine when to sell and lock in profit is you need to predict when the wave of penny stock actions will be stopped and reverse.

In short, sell if the price and volume action indicate greed and hope with a spike or a abnormal parabolic rise, or when you feel (as with tech analysis, intuition is important here) the wave of penny stocks will stop. Personally, i am speculating that the wave will last another 2 to 3 weeks, and even it is also possible that it will extend to period after CNY. I have a great preference to sell before CNY and lock in profit, and be free emotionally and enjoy the CNY 2007. Instead, i strongly believe that some profits are not meant to be earned by us in the stock market. These profits are those profits always attractive to speculators in the last wave fop the bull run.