No. of Recommendations: 2
Great firm, but a fella has to ask, is the pricing starting to seem rich enough that the odds favour lightening now and waiting for a better re-entry?
Agreed. Yesterday I sold my position in a tax-advantaged account at $344.76, a P/E of 34. I bought that position last April at $152.00, a P/E of 19.
I still have a huge slug in a taxable account, and so selling those shares or writing covered calls would trigger taxes. I don't want to let the tax tail wag the dog, but I usually let the tax tail wag the dog.
Thanks for sharing your $345 calls. Something to consider.
