Hi
My first post since joining Stockopedia so sorry if not in correct format etc. etc.
I am sitting on a nice 54% profit on Centrica (LON:CNA) and has fallen 18% from recent highs on 11 September 23. I am seriously thinking of taking my profit off the table Superstock or not. Anyone give me a logical case not to do so, I can always get back in of course, and with CGT reductions it is defo worth using up some of my allowance as in my trading account not my ISA.
Kind regards
Mike
It is possible that others who had held long or even short went the CGT way, selling in September. It takes a bit of forward planning and it's a bit late for that now don't you think? Whatever, rash action is one of my negative traits which I'm trying to rein in.
In the case of Centrica (LON:CNA) the Bollinger Band (found in CHARTS) movements over the last 5 months are interesting:
If you want the money for other stocks, take all or perhaps consider some off the table here. Centrica (LON:CNA)is on my watch list for a good trade at some point, but it would need to turn up, and start breaking out again. I agree it looks stagnant at the moment. I think you have answered your own question here, as you can always jump back in if it turns up. I won't be trading this yet, but I think this perks up down the line.
