Results 1 to 5 of 5
  1. #1
    Member
    Join Date
    Apr 2012
    Location
    Kentucky
    Posts
    1,725

    It's hard to part ways with a stock that does you well

    NFLX price just seem to be getting way ahead of itself up 66% YTD. I took my 250% profit and ran, not even leaving any on the table. I'll consider getting back in on a healthy pull back.

  2.  
  3. Member
    Join Date
    Nov 2011
    Location
    Coral Springs, Florida
    Posts
    5,778
    #2
    Quote Originally Posted by mossie3 View Post
    NFLX price just seem to be getting way ahead of itself up 66% YTD. I took my 250% profit and ran, not even leaving any on the table. I'll consider getting back in on a healthy pull back.
    At some point it makes sense to take gains. Very few stocks I feel like I can hold forever. After I sell it I delete them from watchlist so I don’t have to see it keep going up.

  4. Member
    Join Date
    Oct 2012
    Location
    Sunnyvale, California
    Posts
    1,827
    #3
    Good call. Knowing when to sell is as important as knowing when to buy. I've regretted holding too long much more than selling at a gain early.

  5. Covfefe rds_nc's Avatar
    Join Date
    May 2011
    Location
    Wilmington, NC
    Posts
    3,302
    #4
    Glad to see someone else doing it! I more than doubled my MTCH (match.com) and sold it Friday. Nice to be able to sit on a little cash and see what happens in the next few days to see what else I'll get into.
    Kayak fising in a Native Slayer 13
    Raymarine Dragonfly 5Pro

  6. Member
    Join Date
    Nov 2011
    Location
    Coral Springs, Florida
    Posts
    5,778
    #5
    I did that with Caterpillar. Bought in low80s sold at 156 then watched it climb to 170 and then fall back below where I sold it. Used the cash to buy Applied materials when it dropped in big crash a few weeks ago and have a nice gain. When this PEs get high I often look to sell and then look for something more reasonably valued. I just get nervous holding very high PE stocks but have a few just for diversification.