So you bought a stock and it's done good and you're making money, maybe even lots of it.
Now what?
- First, why did you buy it? That'll often help you decide when to sell.
- Second, is it still going up? Have a line in the sand, using charts, at which you sell.
- Third, is the news still all good? Bad news means to sell.
Simon Shares
- US inflation due Thursday, expected is 7.9%.
- Binance buys FTX
- Time for gold?
- Murray & Roberts (JSE code: MUR) sell Clough for very little but get rid of a lot of inter-company debt.
- Leisure stocks looking good, especially the Sun International* (JSE code: SUI) chart.
- "However, due to the immense interest from the public, as well as international investors to date, we decided to extend the period by 2 more weeks. This will allow for the investors that missed the deadline, to be part of this amazing opportunity to own shares in Cilo Cybin Holdings.". Not a good sign.
- Elon Musk sells Tesla (Nasdaq code: TSLA) shares worth US$4billion after saying in April he would sell no more. But this should be enough to keep Twitter afloat for the next year.
- Meta (Nasdaq code: META) to fire 11,000 workers, about 13% of the workforce.
* I hold ungeared positions.
