Selling a Stockby Jonas Elmerraji
When you have a stock that's performing the way you want it to, one of the hardest things to do can be getting out. Selling a booming stock seems counterintuitive. After all, if it's still going up, why would you sell? When (and if) you reach that sought-after target price, it's time to reevaluate whether you should sell the stock. If the target price makes sense, it makes sense to sell. Group mentalities might suggest that holding on a little longer could bring another $0.20 per share, but invest with your mind, not with your gut - if a price is artificially inflated, it's a lot more likely to fall hard. Trust your analysis.