Taking More Profits
Growth stocks have defied gravity lately. Who knows if this afternoon’s retreat is going to send them back to earth, but I don’t want to wait too long to lock in some of our hard-earned gains. Today, let’s take the following actions:
Livongo (LVGO) has been a rocket ship, rising well over 110% since we jumped onboard in November. Let’s sell HALF of our position to lock in a partial gain. SELL HALF
Deciphera (DCPH) has also been a strong performer but has just broken down after getting going in late-April. Sell the entire position for a roughly 45% gain. SELL
Five9 (FIVN) looks great and we’re up over 60%. Take partial profits by selling one QUARTER position. SELL A QUARTER