This market is very strong, I wanted to sell but because of stocks are breaking out of their long term trendline, it just make me uncomfortable selling. On the other hand market is very overbought. I am lost and needed direction.
Does anyone think it is wise to sell apple now? I bought it right before earnings and should have sold it at open the next day, but got a little greedy, I am just wondering if I should hold onto it or sell it, I have a nice profit.
I'm keeping mine for now. I think it will prove decently defensive if the market corrects. I'd only sell as a source of funds for a different stock probably.
OK, well I am on the same page as Saleem, I think the market is overbought and I think we could see some sell offs tomorrow so I am not wanting to buy any stocks right now, So I might just hold onto it for a little while, unless someone else has any input.
I just meant that I personally would probably only sell as a source of funds. If you think the market will drop a decent amount from here, I think AAPL could still drop, just might act relatively better than some other high betas.
8 comments:
Saleem
This market is very strong, I wanted to sell but because of stocks are breaking out of their long term trendline, it just make me uncomfortable selling. On the other hand market is very overbought. I am lost and needed direction.
HELLO UP
I too sold a lot of stuff as the market is way stretched
I may even sell my beloved KMP.
Good luck on your decision
C
C
I think we are entering a major bull market this year. Might be wise to buy dips
Hi Up,
I firmly believe that you do not have profit, unless you book it.
There is no rule to stay 100% exposed in overbought condition.
My action speaks louder than words.
Saleem
Does anyone think it is wise to sell apple now? I bought it right before earnings and should have sold it at open the next day, but got a little greedy, I am just wondering if I should hold onto it or sell it, I have a nice profit.
Hey Bert,
I'm keeping mine for now. I think it will prove decently defensive if the market corrects. I'd only sell as a source of funds for a different stock probably.
Stocktrader
OK, well I am on the same page as Saleem, I think the market is overbought and I think we could see some sell offs tomorrow so I am not wanting to buy any stocks right now, So I might just hold onto it for a little while, unless someone else has any input.
Hey Bert,
I just meant that I personally would probably only sell as a source of funds. If you think the market will drop a decent amount from here, I think AAPL could still drop, just might act relatively better than some other high betas.
Just a clarification :)
Stocktrader
Post a Comment