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Started By
Message
My Exxon stock just hit a new high?
Posted on 9/27/23 at 3:12 pm
Posted on 9/27/23 at 3:12 pm
Have a little over 5k shares. Trying to figure out a target to sell?
Any of you gurus have advice?
Any of you gurus have advice?
23
Posted on 9/27/23 at 3:17 pm to Porkskins
quote:you have provided any information that would help anyone give you an advice on this one
Trying to figure out a target to sell?
Any of you gurus have advice?
Posted on 9/27/23 at 3:36 pm to Porkskins
I mean with a half million in a single stock I’d be talking to my advisor…
But I’d probably start selling chunks every $3-$5 dollar increments. It’s got to have a ceiling around $150
But I’d probably start selling chunks every $3-$5 dollar increments. It’s got to have a ceiling around $150
Posted on 9/27/23 at 4:22 pm to Porkskins
You can watch crude futures as a proxy. They’ve been straight ripping for a while now. I’d hold til crude shows signs of a top.
Posted on 9/27/23 at 4:24 pm to Porkskins
I just looked at the chart. Nice technical breakout will likely run up into earnings then sit back and retest that level
Posted on 9/27/23 at 4:29 pm to Porkskins
In retirement account or taxable brokerage?
Posted on 9/27/23 at 4:35 pm to BourbonDad
Technical breakout at what level
It's been on a 5 wave pattern since bottom around 100.
It's been on a 5 wave pattern since bottom around 100.
Posted on 9/27/23 at 4:51 pm to Porkskins
$600k+ is a large position to have concentrated in a single stock unless you have an enormous portfolio. I'm not comfortable with more than 10% in individual stocks and much less in any one. I'd rebalance immediately in retirement accounts or gradually to manage tax burden if in taxable.
If you happen to work for the company, that would be even more concentrated risk as you'd be reliant on it's success for your income as well.
If you happen to work for the company, that would be even more concentrated risk as you'd be reliant on it's success for your income as well.
Posted on 9/27/23 at 5:04 pm to jimjackandjose
wtf is a "5 wave pattern"? See the flat line at 120? When we "break" above that it's call a breakout. If we don't continue then it's called a failed break out.
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Don't get me wrong, most "technical setups" are literally JUST that. A setup by the market makers to create liquidity.
[/url] Don't get me wrong, most "technical setups" are literally JUST that. A setup by the market makers to create liquidity.
This post was edited on 9/27/23 at 5:05 pm
Posted on 9/27/23 at 5:08 pm to Porkskins
FWIW this is the historical weekly chart of crude futures. Probably due for a little pullback since today was a massive move, but long term it doesn't look lower to me.....
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Posted on 9/27/23 at 5:11 pm to Porkskins
Id prob hold. A while ago i did say if it hits $120 again im getting out. But im rethinking that now because it came back so quickly.
Posted on 9/27/23 at 6:03 pm to Porkskins
Good stuff. Is it in your 401k? If so, research NUA. If it’s in IRA, start rebalancing now. If it’s non-qualified, consider hedging. If you don’t know any of this, you’re awesome at not knowing stuff, but call an advisor.
Posted on 9/27/23 at 6:03 pm to UpstairsComputer
Yeah I would buy some put leaps to be safe.
Posted on 9/27/23 at 6:56 pm to Porkskins
With that many shares, I'd be selling covered calls into 125/130/135/140 strikes.
Posted on 9/27/23 at 7:49 pm to Porkskins
Exxon is the barometer for Energy. Reduce positions but never sellout.
Posted on 9/27/23 at 9:16 pm to Porkskins
I'd ladder some stop losses or trailing stop losses. Prices and quantities would depend on cost basis. I would want to protect some of this large position.
Posted on 9/27/23 at 9:22 pm to Porkskins
quote:
Have a little over 5k shares. Trying to figure out a target to sell?
Any of you gurus have advice?
Take the dividend and ignore it. Recession is coming, these stocks will drop again, but for a short period. We haven't invested in oil, and it's gonna fricking hurt. They'll have all the money in a few years.
Posted on 9/28/23 at 5:52 am to Porkskins
I have nearly that much, but inherited. Cost basis is very low. I am debating selling about 25% but the capital gains taxes would be 15% on most of it.
Also, the dividend is great. But about 3 years ago XOM was priced in the 30s.
I could pay my house off with the gains of selling 25%.
Any advice, thoughts?
Also, the dividend is great. But about 3 years ago XOM was priced in the 30s.
I could pay my house off with the gains of selling 25%.
Any advice, thoughts?
Posted on 9/28/23 at 5:59 am to JackDempsey
I’d sell the 25% then
Posted on 9/28/23 at 6:31 am to JackDempsey
quote:
I could pay my house off with the gains of selling 25%.
Life changing money is life changing money. Pay off your mortgage. Thats cashflow you can use for a new investment.
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