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My stock is up 6% since yesterday....What should I do?(fiscal cliff question)
Posted on 12/18/12 at 11:11 am
Posted on 12/18/12 at 11:11 am
I have alot of WFC. It is up nicely in the last two days.
I fear that the Fiscal Cliff talks could bring it back down pretty quick if a deal is not met.
If I cashout now I would be up overall... but I dont want to cashout if I dont need to. I feel that the stock should be priced higher... Closer to 40.
I fear that the Fiscal Cliff talks could bring it back down pretty quick if a deal is not met.
If I cashout now I would be up overall... but I dont want to cashout if I dont need to. I feel that the stock should be priced higher... Closer to 40.
2
Posted on 12/18/12 at 11:22 am to cjared036
Over the last 3 months I'm up 15%
I cashed out yesterday and missed out on some gains from today
But, I'm still up 15% over a time period when all the markets have been flat or slightly in the red. You can't worry too much about what you're missing out on.
I cashed out yesterday and missed out on some gains from today
But, I'm still up 15% over a time period when all the markets have been flat or slightly in the red. You can't worry too much about what you're missing out on.
Posted on 12/18/12 at 11:42 am to cjared036
You could put selling points on the stock
Sell a percentage now
Sell a percentage if it goes up to 8 %
Sell a percentage if it goes to 10%
Do that until it gets to where you expect it. You won't make as much as straight gambling it goes up to 40 but you'll at least hedge against it falling and make some profit off of it
Sell a percentage now
Sell a percentage if it goes up to 8 %
Sell a percentage if it goes to 10%
Do that until it gets to where you expect it. You won't make as much as straight gambling it goes up to 40 but you'll at least hedge against it falling and make some profit off of it
Posted on 12/18/12 at 12:15 pm to GenesChin
(no message)
This post was edited on 2/13/13 at 11:50 pm
Posted on 12/19/12 at 9:13 am to lighter345
also keep in mind if you sell before the new year you will save some money on capitol gains taxes, as i believe they are rising 5% after jan 1
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