Eleven months before he would take office?Doubt that’s the reason. That would happen after the election if at all. Remember, Trump says he is good for the stock market. No, this is just profit taking after a really good stock run up. Wmt is seeing all time highs in its stock price. I am in pretty heavy with Wal Mart stock. Bought a nice chunk in January 2020. I’m cashing some in, I have a sell order I just put in today.They just completed a 3:1 stock split today. It was a great day. Good time for the Walton family and us regular people to cash in and diversify. Taking profits now just seems like the right thing to do. Nothing more.
I have been a little more disciplined about cashing out profits this time around. That said , I shit the bed by not selling all of my Tesla stock last year. Fortunately I cashed a big Tesla check but left more than a toe in the water with a decent size investment. Tesla is now 15% of my portfolio but it’s still a sizable amount at risk. I should have listened to you when you said it was an overvalued stock. The signs were there. And buying the dip didn’t help it just fucked me a little more. Tesla is now a growth company that isn’t growing. I’m long on it because I believe Tesla is more than just an auto maker and of all the EV makers it is in the best position to survive and innovate. Maybe the CEO will start focusing on the company instead of farting around on X.
Eleven months before he would take office?Doubt that’s the reason. That would happen after the election if at all. Remember, Trump says he is good for the stock market. No, this is just profit taking after a really good stock run up. Wmt is seeing all time highs in its stock price. I am in pretty heavy with Wal Mart stock. Bought a nice chunk in January 2020. I’m cashing some in, I have a sell order I just put in today.They just completed a 3:1 stock split today. It was a great day. Good time for the Walton family and us regular people to cash in and diversify. Taking profits now just seems like the right thing to do. Nothing more.