25% Profit (Short Term) - SELL Recommendation!

Market Update:

The major indices are all trading lower at midday despite a bullish start to the session on Wall Street, as stocks are looking for direction following another wild week of trading. The Dow is already on the verge of hitting a new year-to-date low, but the Nasdaq, the S&P 500, and the Russell 2000 are still holding up above their lows from last week, setting the stage for a crucial afternoon session ahead of the weekend break.


Treasury yields are on track to close lower for the third straight session, but the dollar bounced back this morning as safe-haven buyers continue to pile into Treasuries and the reserve currency. Market sentiment is very weak today.


Summary:

With the market under tremendous Selling pressure and TSLA seeing a massive 10% decline, we are deciding to secure a quick 25% profit today. We indicated our consideration yesterday in our newsletter and are formalizing it today. There is no fundamental thesis change here and will reconsider opening a position in it again. We are simply looking to secure a decent profit that we earned in just few days, given the market conditions.

Congratulations!


Selling Guidelines:

  • If you wish to continue owning this stock, you may choose to depending on your overall portfolio distribution

  • You may even consider doing a partial sale.

  • If you do not own this stock, no action is required at this time.


Sell Pick No: 262


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