I first bought in just a shade under 20 years ago, and the stock has served me well with an annualized return of over 19%.
With a single-day gain of 40%, I've decided to cut my position by about 15% and take a bit of a profit. I normally view single-day rises like this as a windfall… sometimes what goes up quickly also comes back down, particularly since the rise defies (conventional) logic.
Anyone else?
Posted by thedukeofno
6 Comments
I’m betting on a TSLA/PLTR style rise on semi-bullshit hopes and dreams. But if I were in it as long as you I’d take some profits too
I’ve only got 4 shares, so I’m holding onto it a bit more, but I did set a stop loss to sell if it hits $300/share. I got in at $236.
It’s definitely a great idea to sell a portion and take your profits especially if it’s a long term gain.
I’d read Peter Lynch’s comments about trimming your winners. Do you need the money or is it just going into another stock? If it is just going into another stock, ask yourself has the reasoning/fundamentals behind why you held the stock for 20 years in the first place changed. If it hasn’t, then it doesn’t make much sense to sell
Bought because of the potential they might take over Tiktok, i’m up 100% now. But it’s such a small position i’m riding it out forever.
Congratz on your windfall!
Bought long puts