Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Remember that Overbought Shares Can Get More Overbought.

By Malcolm Stacey

12 March 2015 02:13

More:

Hello Share monkeys. I've alluded to this before. But it has stuck in my mind as one of the acutest observations made about modern stock markets of the world.

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

wildrides

12 March 2015, 03:53

If I were you , which of course I am not , because I dont have a brain , cant play a sax , and dont have any doors worth chewing ………… I would sell them apart from the profit and have a free ride . I suppose a stop loss might help if its on sets . Selling them too late is always galling ……..but not half as galling as selling too early !
J P Spaghetti

12 March 2015, 05:39

“‘Just because a share is expensive, doesn’t mean it won’t continue getting even more expensive’.”

And the gold medal for confirmation of this goes to…wait for it…it has to be…FACEBOOK (or maybe I’m being a bit too much heart and not enough head there)!
Forty Two

12 March 2015, 05:52

If by your own admission you haven’t got a clue what they are worth or about the competitive environment I would say it’s time you sold them. Or just go to the bookies…