I booked a big gain today...and I've been long...(very). I am still long BUT this was a hell of an up day and it's always good to sell when everyone is buying. Overall market feels toppy to me. I think you...and I...WILL get a chance to buy back in somewhat lower...I booked a healthy profit that was certain...money OFF the table. That was safe and profitable to do. It also means I now have more money to invest tomorrow.
Ask yourself how you will feel if the market sells off on Friday, GILD goes ex dividend and sells off 5%?
I would sell something into this strength and BOOK the profit! Better to sell too early then not sell too late!
which will give a WONDEFUL opportunity to buy back in.....going to 120s for sure...but nothing goes straight up
Well I was also trading on Margin....so you have to factor in monthly interest. Also I have trading loses from 2009 that I am STILL able to write off against gains so this ALSO changes the equation. Did I sell too early....maybe yes....but again, I eliminated the risk of watching a large gain suddenly evaporate....and my experience has shown me that this happens a lot of the time....so time to take some off.
I clearly sold too early.....20:20 hindsight......will see how this trades ex dividend...at least I booked a decent profit.....
tempted to agree....I think GILD's performance today is pretty good given the blood in the water Biogen deposited....I may even buy some calls here for a (small) gamble on earnings
will continue to melt up like it did after last quarter's earnings....street needs time to re-evaluate....this quarter was unexpected in strength and ongoing guidance....a HUGE win for longs.....patience will pay off here
just too hard...I got in at $99...on margin.....just too cheap to ignore....I would hazzard a guess the Dow ends the day down 100 and the next thing we see is a relief rally because the world isn't apparently at an end.