Posted by 15 November 2005

Doing Some Trimming

I just took advantage of my lull in day trading to make some moves in my long term account. I just sold 1/2 of my positions in Apple Computer (up 45%) and Google (up 40%). It’s not that I’m worried about them topping, rather I wanted to raise some cash for some other positions (I still haven’t bought BZF) as well as trim them back so they’re not such a large percentage of my portfolio.

I was very tempted to sell all of GOOG though. I’ve been getting a bit concerned about it and the law of large numbers. But I still want to be involved in the stock as long as the chart is healthy. Hence the partial sale.

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Comments

  1. Posted by Riz on November 15, 2005 at 12:30 pm

    Over the past few days I was thinking just the same thing about Apple and Google. I think its a smart move, regardless of future price action.

  2. Posted by catablast! media grp. on November 15, 2005 at 1:30 pm

    Mike said:

    I was very tempted to sell all of GOOG though. I’ve been getting a bit concerned about it and the law of large numbers.

    So basically, you think GOOG has zero chance of defeating the formidable $400 ceiling?

    Personal foul: how dare you disparage King Google.

  3. Posted by Michael on November 15, 2005 at 1:48 pm

    “personal foul”? OK Cramer.

    If I thought it had zero chance of breaking $400 I would have sold all of my shares.

  4. Posted by Mark on November 15, 2005 at 4:30 pm

    I sold GOOG last Friday. Selling Monday would have been better. I think it may go above $400, but I’m not willing to watch my money thrash around below that level (like it’s doing now…) I’ll let someone else experiment and maybe pick it back up later…