Subject: Re: Q3 Earnings tomorrow
I too sold about 15% of my position at around $125. The position size for this holding got a bit bigger than I wanted because I added to my position while it was on my way down. The sale now return me back to more of portfolio allocation that I like. I am tempted to sell out the entire position now that it is above $130 but that feels emotional / anchoring rather than entirely rationale. I should probably hold on to see if the business is capable of a full lift given past trends as Jim points out. I have a habit of both buying (when the stock drops, but before the bottom) and selling (when the stock rises, but before the top) sooner than I should. This might be one of those situations.