DHX Profit taking
DHX is up 18% from where I bought it a month ago. This is a high amount of profit for a month. In theory I should take this and run. But I won’t for two reasons. One; it took a huge dive and I think that this is just a recovery of sorts. Secondly but most importantly the strategy with this one is to wait for a buyout. Thus shortly before any buyout there will be a rush of insiders who have information that they shouldn’t. Thus I suspect that this stock will drop a bit and this wonderful profit may be lost soon if it were to be the buyout I would miss the primary whole point of buying this stock. Lastly due to the low volume of this stock it would be hard to exit at this price anyway.
So my plan is to hold on and cry a bit when this price goes down a bit but laugh all the way to the bank when the stock tears it up some time in the next few years.