For those of you in CCIV. What is your plan. I don't have much, but have 650 shares and it's crazy how this is going.
FWIW: If you have a "trader" mindset or have an overall "trade" objective, then you could consider using multiple trailing stops that would trigger a sell of a pre-defined # of shares (tranche) of what you own.
For illustrative purposes, you could use two different trailing stops, say one at 8% and the other 12%. The trailing stops would keep getting raised as the share price continues to ascend.
Another example is that you could use a sharp break below the 8-day EMA to sell off a partial % and then a break below the 13-day EMA as your "stop" out (sell) the rest.
If you want to give at least a partial % more room on a pull back, then after selling off a tranche at the 8-day or 13-day, or some at both, you could use the 21-day EMA as an overall "sell the rest" signal.
Observation: CCIV hasn't traded below its 13-day EMA since its breakout on Jan. 11th. It's briefly dipped below the 8-day EMA during intra-day trading on 4 or 5 occasions since Jan 11th, but has not closed below the 8-day EMA.
Just "thinking-out-loud" FWIW illustrative purposes if you are "trading" the issue, as opposed to "investing" or holding from a fundamental perspective.
