JALSY, is it a Buy, Sell or Hold? please read..

Good closing for the week. Today added another 63%. When I posted this stock here It was trading at 0.60 and now just 3 days later, now trading at $2.12. I hope you bought some, if you did please post here your comments. Now the question; is it time to buy , sell or hold ?
First let me remind everyone one important point that is, JALSY is a company which has filed for bank bankruptcy.Buying any BK stock is a very risky play. As I have been mentioning over and over again, this stock can get wiped out in seconds, if or when the company deiced to exit a BK. The truth is there are too many people that don’t get it. I saw people buying CITGQ while I was all over the net asking the people to sell. here is my article which was on the first page o Google. CITGQ Sell, Sell, Sell it NOW! December 8, 2009-
JALSY is trying hard to exit BK. Read this part from JALSY´s last PR
TOKYO (Dow Jones)–Japan Airlines Corp. (9205.TO) said Wednesday it has appointed group company executive Masaru Onishi as the new president and chief operating officer effective Feb. 1 to lead the airline’s overhaul with the help of a government-backed corporate turnaround body.
Kazuo Inamori, the founder of Kyocera Corp., is already set to become JAL’s chairman and chief executive Feb. 1.
Be very careful, this could happen any day. So my answer to the first part of the question is NO, it is not a good time to buy, it is too late. I am not saying this can not go over $3 next week, because it could, but what I am saying, if I were you I will stay away from any buying. We don’t know this new president of JALSY what he has in his mind to implement starting from next week.
So is it time to sell? The answer is yes and no. Yes If you bought any at .60 like me, then by now you are sitting on a big profit, why risk it? If you want to be a successful trader you must learn how to SELL, yes buying is the easy part, but when it comes to selling then it becomes much harder to decide, some times because of the greed and some times you just want to recover your investments. But that is another subject for another article. For now I am saying you should take off your profit and as always play house money. This is what I did.
01/26/10 YOU BOUGHT
JAPAN AIRLINES CORPORATION ADR (CNV INTO 5 SHS NPV)
JALSY 5,000.000 $0.6000 -$3,007.00 $7.00 Cash
notes here my total investment was $3007.00-
01/28/10 YOU SOLD
JAPAN AIRLINES CORPORATION ADR (CNV INTO 5 SHS NPV)
JALSY -2,500.000 $1.3600 $3,392.95 $7.00 Cash
In just 2 days I was up $3,796.50 that is 252.511% up. Now I am relax I am holding 2500 free shares plus some pocket Chang, which is over $750.
Yes I could have added another 2500 If I had waited one more day, But thats the name of the game none of us had a Cristal ball, that is why you must recover you investment ASAP.
I hope this demonstration showed all of you what I mean by saying play house money. And my Answer for the second and third part of the question is, if you are in profit take it and hold some small position as long it is house money.
Good Luck

Tagged as: Airline, Bankruptcy, Bk, Chief Executive, Chief Operating Officer, Company Executive, Corporate Turnaround, December 8, Dow Jones, Good Time, Google, Group Company, Important Point, Jal, Japan Airlines, Kazuo, Kyocera Corp, New President, Onishi, Stock, Thr, Tokyo, Truth