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.
Saleem
ReplyDeleteThis 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
ReplyDeleteI 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
ReplyDeleteI think we are entering a major bull market this year. Might be wise to buy dips
Hi Up,
ReplyDeleteI 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.
ReplyDeleteHey Bert,
ReplyDeleteI'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.
ReplyDeleteHey Bert,
ReplyDeleteI 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