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re: Should I sell my 301 share of Exxon?

Posted on 7/9/20 at 6:15 am to
Posted by FLObserver
Jacksonville
Member since Nov 2005
14468 posts
Posted on 7/9/20 at 6:15 am to
Yeah i sold my XOM for a small gain . The Stock has barely moved while tech and Bio have skyrocketed.
Posted by Hawgeye
tFlagship Brothel
Member since Jun 2009
31017 posts
Posted on 7/9/20 at 6:23 am to
If you sell, consider CRWD, LVGO, FSLY, and TTD.

Do YOUR DD though and don’t listen to us.
Posted by 632627
LA
Member since Dec 2011
12761 posts
Posted on 7/9/20 at 8:03 am to
Exxon sucks, the sector is beat down, but the thought of buying tech at all time highs, in a very irrational market, just sounds too risky.

As much as I hate to say it, in this situation I’d just hold xom.
Posted by dwr353
Member since Oct 2007
2130 posts
Posted on 7/9/20 at 8:10 am to
If you bought in at $33, your dividend yield is 10%. Hold it, reinvest the dividends, and sell it in a few years at $80. All the while earning 10% while waiting, a return greater than the long-term history of the market. You need to decide if you want to be an investor or a trader. Note: not knocking the other companies you mentioned. You should consider placing a stop loss price on Exxon if you fear an unlikely(my opinion) dividend cut. As the price appreciates, raise the stop loss price, protecting your position and profit.
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