I bought Wynn (Wynn) at $17. It's now at $34. Time to sell ?
I have doubled my money with Wynn. Is it time to sell or is there more upside. I'm considering selling & bying it later on the dip. Opinions please. Thanks
Best Answer
113 points
Hoosiercat answered 7 months ago …
Sell half. That way you have recouped your original investment.
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2082 points
alanj answered 7 months ago …
Sell. Sell. Sell. The markets are now showing warning signs of a trend change coming very soon. And WYNN tends to follow the market (S&P)
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3963 points
MNSL answered 7 months ago …
Yes. Alanj is right.
This is the time to sell speculative metal and mining stocks, commodity stocks, industrial stocks, electronic, auto stocks and technology and software stocks, media and entertainment stocks. Even we should sell soft commodity stocks now.
In the same time this is the time to buy undervalued stocks with good fundamentals in simple businesses, next rotating sectors, healthy food sectors, neglected sectors and sectors going to benefit from the sector oriented bull markets in the next 05 years.
2183 points
ChaosNantuko answered 7 months ago …
I would wait a couple days first. They report earnings on April 30th, so i would sell on the 29th. People will most likely buy on the rumor of a better then expected report, continuing to drive the price up, but unless its a SIGNIFICANTLY better report then expected, the stock price will most likely fall after. I would hold until the 29th, then sell. A trailing stop of 10% is also a good idea, in case the market violently turns down before that.
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