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.
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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.Quote:
Originally Posted by mossie3
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.
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.
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.