Yesterday, I sold about 10% of the software SAAS stocks I bought on the dip in February 2026. While AI and memory stocks were hit hard (6-12% declines), software stocks actually advanced. I took the opportunity to start taking profits. In some cases, the price of stocks I sold advanced 2-3% higher.
Hopefully, the software stocks will continue to advance today, allowing me to exit some more with higher gains. While I have gains as much as 100%, I no longer have conviction the rally will continue much longer. Also, there is significant uncertainty with the midterm elections. Thus, I will continue to scale out the software stocks I bought in February 2026, but will continue to hodl the core positions in the previously managed account.
Crossing my fingers for a bounce for the stock market and/or continued upward momentum for software stocks.
This is not financial, stock investment, nor stock selling advice. Please consult a professional advisor.
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