I'm Taking Profits Today
This is a Symbol Surfing Post from Thu, Jun 14, 2018.
This stock has basically gone straight up in the few weeks since my post on Thu, May 24, 2018.
This $9 gain is a 7% return.
That's ok, but what if it continues to run up to $150 or higher?
Selling is just as important as buying.
Because I don't have a crystal ball, I have to make a decision based on information available today.
This stock has had a 17% upside move since earnings.
In my opinion, quick moves like this on large companies tend to eventually stall or retrace.
So there may be an opportunity to "buy the dip" in the future.
Also, there are a few other companies on Symbol Surfing that look good.
Or maybe I don't jump into something else.
There's nothing wrong with cash.
Thu, Jun 14, 2018 ADP @ $139.82