There are 2 rules I have for myself when managing a stock at 52 week highs. The sliders in Seeking Alpha are essential for me to look at my portfolio. Take advantage of their current sale. TRENDSPIDER CYBER MONDAY SALE - up to 82% off (limited time) Sign up at link ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://trendspider.com?_go=gary93⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Email me at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ I’ll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day. Get $50 off a year of Seeking Alpha. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.sahg6dtr.com/2L9M597/R74QP/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tesla.com/referral/gary82526⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Social Links and more - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://linktr.ee/dailystockpick ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ FREE NEWSLETTER WITH CHARTS - subscribe at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠dailystockpick.substack.com ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ SPONSORED BY VISIBLE - Check out this page: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.visible.com/get/?3P8FJPM⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠https://a.webull.com/gzxte9iTQnfaDYFDjM⁠⁠⁠⁠⁠⁠⁠⁠ Get AT&T Fiber at your home - I have 1GB service ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.att.com/referral/code/?ref=TVY-3964⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ NOTES $CRWD earnings after the bell today - this has run a ton $zs earnings were solid last night - if you can get it under $180 - do it - but it should continue up https://x.com/stocksavvyshay/status/1729245218275459406?s=46&t=7y4v-tHaIEzjLo4Lw72X7g Since it’s at its 52 week highs, I want to determine what I want to do. How I use these sliders in a 52 week range. I have these in Fidelity and this screen shot is from Seeking Alpha. If a stock is close to the 52 week high - it’s a red flag that trimming it or selling on weakness would be smart. Here are 2 rules that I have at 52 week highs: In a tax advantaged plan, I’ll trim at least some if it’s got some confirmation and closes at a 52 week high. If it loses confirmation, I’ll sell even more. If it creates a tax event, then I’ve got to re-evaluate and do a short tax calculation. I will take some profits on this even if a tax event is created. If it’s a stock I want to continue to hold, I’ll need to make a note to rebuy it and I can do that in Seeking Alpha with a price alert or Trendspider with an algorithm alert. Just make sure there’s an alert so you can don’t miss a 10% run up or forget to rebuy it. This is how I manage some of my AMZN MSFT and GOOG, etc. All these stocks hit new 52 week highs at some point today Microsoft $MSFT Amazon $AMZN Coinbase $COIN Costco $COST Shopify $SHOP $UBER Visa $V Adobe $ADBE Lululemon $LULU DraftKings $DKNG Crowdstrike $CRWD Chipotle $CMG $IBM Lam Research $LRCX Mercadolibre $MELI Palo Alto $PANW Spotify $SPOT Affirm $AFRM $ROKU Amphenol $APG $CBOE Cardinal Health $CAH $CRH Dropbox $DBX Fair Isaac $FICO Godaddy $GDDY Gap $GPS Progressive $PGR Pinterest $PINS Ferrari $RACE Synopsys $SNPS Splunk $SPLK Seagate $STX Reuters $TRI Western Digital $WDC Zscaler $ZS I watched Cramer last night - a woman called up who visited a Best Buy to buy a mobile phone. She bought a $49.95 plan in order to make the return of the phone easier and she raved about how great Best Buy was. Cramer then went on and said he wished the CEO would come on the show because he likes the stock. Sounded like he was def sucking up. It also sounds like this woman paid $50 for something that every phone retailer will allow you to do! I was screaming at the TV! SCANS SARK RIVN MMM NKE

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related