Q: I have an "overweight" position in this stock (not overly so, perhaps 8%). Thank you, it has done very well. However, though I appreciate one should not make much of one days price action, I did note quite a volume spike on todays sell off. I also have noted that not just one but a number of insiders have been selling over the last month or so. Certainly, the gains could justify some of that, but for one holding a relatively large position these indicators are troublesome. Given that my gains have been substantial, I am wondering if trimming, somewhat in accordance with the insider selling, may be appropriate.
I do note that, generally, "analysts" have been increasing target prices on this company which doesn't seem to "go to market". Makes me wonder if "something" is in the works?
Anyway, I would certainly appreciate your considered opinion on what is going on with this one and whether a trimming, rather than just letting winners run, may be appropriate here.
Thanks as always.
I do note that, generally, "analysts" have been increasing target prices on this company which doesn't seem to "go to market". Makes me wonder if "something" is in the works?
Anyway, I would certainly appreciate your considered opinion on what is going on with this one and whether a trimming, rather than just letting winners run, may be appropriate here.
Thanks as always.