Profit Booking - SELL Recommendation
The major indices are all trading significantly higher at midday following a wild and crazy election night in financial markets. While we still can't be sure who will take the White House and the Senate, this has been a nail biting election and there could be a lot more action even after the winner is confirmed. Investors flocked into the tech sector, as likes of Google parent Alphabet (GOOG, +6.6%), Facebook (FB, +7.5%), and Amazon (AMZN, 5.8%) have been enjoying massive inflows this morning.
With our portfolio becoming profit heavy and a wild upswing today, we want to book some profits. We have 2 positions in this equity, but are closing only one of them. The market may be volatile in both directions, but we have a strategy in mind for every market move. We also have a solid watchlist in place and will likely add a new position soon.
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: 162 (we are leaving the other position in Pick 148 Open)
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