Hi guys
Quite new to all this but basically stuck £500 in SanDisk like 2 months ago and it’s now at £1145
I’m just wondering whether people would let it run or take partial profits. Like maybe taking out my stake so I can reduce the risk of downward slide. I would say my aim is more short term than long term.
I know it’s not a lot of money but would just appreciate some thoughts on it. Thanks in advance.
I’m up 133% on SanDisk, do I let it run or take partial profit?
byu/Redlawwalder8614 ininvesting
Posted by Redlawwalder8614
11 Comments
No idea. You might have read the earnings reports. Look at P/E, outlook for next quarter, etc.
If you have to ask, start selling…you are clearly worried
I’d take some profit.
If it drops back to where it was will you be ok with it?
It’s like texting the entire world and asking them what to do now that you’re up 500 dollars
Take some profit, this won’t go on forever
depend on yourself solely, but if it’s not much you can hold , if a lot , take some profit
If you’re nervous but still want to see what happens, you can always pull out the initial investment and let the rest ride
Ask yourself like if you had £1145 in cash right now, would you put it all into SanDisk today? If the answer is no, you should probably sell at least enough to bring your position down to a size you’re comfortable with. Profit is only profit once you close the trade.
28 Forward PE is insanely cheap still.
If you want to bet on the buildout not slowing down, then let it run, if not then sell and put it into what the market thinks might go bankrupt in a year or two, like MSFT, META, NOW.
If a 1k position make u worried then taken profit
Though I make 10k when it goes from 200-300 and took profit
Never regretted something so much could have retired by now