Sell Half ROYL Position, Let The Rest Ride...

After an enormous high volume run up in ROYL shares we are taking half our position off the table here at 10.80-10.90 in afterhours from our $5.17 entry. We feel it is only prudent to protect some of our profits, as momentum has found its way here and we need to lock in some of our 100% gains and begin looking for greener pasture. Technicals are clearly overbought now with an RSI just under 90 so we would like to see a nice pullback to possibly reposition ourselves. We still believe the stock should be valued much higher in the $15-20 range, and as such we continue to hold half our position for higher prices.