LQMT – Today I took my cost + profit, and have 1000 left over for a pure profit play!

Monday, August 5th I took my original cost, plus a nice little profit and I’m holding 1,000 shares of LQMT

LQMT_Aug-5-2013Okay, the Earnings for LQMT comes out Tuesday August 6th, and my earnings so far have been really nice, so I decided to “hedge” myself by selling 6,100 shares of LQMT, leaving me with just 1,000 shares, which I intend to sell after the earning announcement call.

Since I’m not an “insider” I have no idea what they will say, it looks to me like most people are thinking it will be very positive, but I don’t like to lose money, so right now, I have removed my financial risk and took a very small profit today, so, even in theory if the remaining shares of LQMT went to $0 – I’m still profitable!

I don’t know if that makes any sense to you, but it does to me – therefore I chose to hold just 1,000 shares, which as close of today I’m at $190.00 Market Value profit over what I already have gained!

~ Eric

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Like I said in my earlier post, I am going on what I have learned from Jason Bond’s Small Cap Trading Techniques.

If you want to learn more and get his free newsletter, click the image I’ve provided to the left.

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DISCLAIMERS:

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. I am not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. I am neither licensed nor qualified to provide investment advice. I am merely expressing my opinions about my own personal trading experiences, good, bad or otherwise.
The contents of this website are not provided to any particular individual with a view toward their individual circumstances. The information contained on this website is not an offer to buy or sell securities. I may talk about my opinions, offer my comments and give information for a referral fee by Jason Bond Pics and his related companies if you, an individual, clicks on one of my above provided affiliate links to his website and free newsletter.
My website, http://www.Eric.fm is just for informational purposes only and is not intended to be used as a complete source of information. An individual should never invest in the securities of any of the companies’ mentioned based solely on information contained on this website. Individuals should assume that all information provided regarding companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Never spend or trade more money than you can afford to lose. Past performance is not indicative of future results. The material contained on this page is intended for informational purposes only.
I highly encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org
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