If you were losing sleep at the bottom, it’s time for you to trim
We’ve got quite a few stocks at or near their 52-week highs right now. Apple, Google, Baidu, Amazon, and Lindsay for example. I know from the tone of the emails and other interactions that I have with you guys on a daily basis, that a lot of you are able to breathe again after the recent stress-inducing and painful drops many of our stocks had taken. So you know what time it is, right? It’s time for me to remind any of you who were stressing and/or even freaking out at the bottom a few weeks ago to sell enough now that you won’t be stressed like that next time we have a pullback. And we will certainly have another pullback; whether it’s from these levels or not is of course up to debate, but there will come a time when our stocks pull back once again and you do not want to be so long that you can’t sleep at night when that time comes once again.
I’m not going to trim my own portfolio quite yet, as I wasn’t losing sleep despite the pain I also felt with you guys when the stocks were mostly down. But I am going to remind all of you to remember that the hardest trade to make is usually the right one — and it was hard to buy a couple weeks ago when these stocks felt like they’d never go up again, but that was the right trade to make. And it’s hard to picture that our stocks could fall right back to where they were — but they could. So be vigilant and sell while you can, not when you have to.
