OK, OK! I'm new to all this (sort of). I found The Fool in the spring, read for a while and jumped in. Bought some MSFT, KO and INTC. Now my problem. I bought INTC at 59 with a price target of 75. Much to my surprise, INTC hit my price target in less than 2 months!!! I know this is not Foolish, but should I get out now and take the tax hit? Such a quick run up has got to prompt many investors to sell and drive the price back down. Or should I hold long term and hope that INTC continues to improve (and if I decide to sell later will only have to pay capital gfains rate)? Thanks.
We don't do price targets for the very reason you have run into. You own a great company, the stock is doing great, it hits some arbitrary number and now you don't know what to do. Pay less attention to the stock price, more attention to the company, and thing longer term.http://www.fool.com/cashking/1998/cashkingport981013.htmPatrick
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