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Today, I am exercising my sell criteria on two stocks; RIMM and NTRI.
RIMM vs. AAPL
The RIMM vs. AAPL debate has been ongoing since Strategy Lab Open kicked off two months ago. In my first set of trades made during the first week of August, I purchased $50,000 of each stock, with a six month profit goal of 30% for each.
I described my sell criteria in my blog last week. RIMM reached my 30% profit goal at the end of last week and continued to climb this week until falling back slightly today. Given that I am satisfied with my gain on RIMM, I am selling my entire position today and booking the approximately $17,000 in profit. I still like the prospects for RIMM, but I'm not going to get greedy. There are other quality stocks out there with more favorable valuations that I'd like to work into the mix. But don't be surprised if RIMM makes a return to my porfolio in the future. Another favorable earnings report, updated company guidance or analyst upgrade could be the catalyst that warrants its return.
AAPL on the other hand shouldn't be viewed lightly. In two months, it has climbed over 15% for me. I still like the company's prospects and continue to hold for that target 30% or more.
Out with NTRI
Following an analyst downgrade two weeks ago, NTRI has been unable to recover and shares continue a downward price trend. I see no need to let this stock ride any further as short term sentiment is clearly negative. I am selling all shares today, taking a 14% loss and moving on.
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