I'm up 61%, what sell limit price should I use for tomorrow?
I bought at $66.xx, and if what I'm seeing is correct, I've gotten a 61% return in just a couple of months on this stock.
I tend to buy on bad news, when I feel a stock is oversold. I did it with BP and made a decent amount over a year and a half. I was hoping for a 20% return on Netflix over a year.
At this point, I no longer feel like the stock is a screaming value. Plus, it has gone from being 25% of my portfolio up to over 40% of the value. I'm just not comfortable holding such a large percentage of it in a single stock, so I think it is time to sell and diversify.
When it was around $96, I set up an automated sale of the rest of my stock if it gets up to $102 or higher. Now I'm wondering if I should increase this amount, just to make sure that my stocks don't end up going cheaper than needed.
When setting up a limit sell order for tomorrow, what price do you think would not be too low, but would definitely be reached given historical patterns after an earnings release?
Thanks! I've noticed some places have before and after market trades listed. (always assumed accessing such things must cost extra, or something along those lines) I wonder if eventually there will be a 24 hour around the clock market on pretty much all the stocks?
I don't really care what the stock does after I get out, but I don't do shorting or anything leveraged. I don't like the idea of spending money on options and having them expire worthless. It seems too much like gambling to me, and my parents tought me never to gamble. That's why I like "vulture investing", or buying on bad news, and selling on good news. I only buy the actual stock of companies that I feel are oversold and undervalued. I especially tend to buy companies when I can get them at close to book value, or at least when there are a lot of naysayers in the press.
In this case, I like Netflix, but I'm just not comfortable with it now that it has grown to over 40% of my retirement fund. (If I only had 5% in there, I would probably hold onto it) It goes up and down too much, and I found that I was spending way too much time analyzing it and looking to see how much I had "gained" or "lost" each day. I'm not used to that, because I typically invest in things that don't move much even on a weekly basis, like GE.