While I am still skeptical of the current market rally, I admit that I am wrong short term. The market is definitely going up in the near term. There is a lot of optimism for a return to pre-Covid19 days. Til proven otherwise, I am putting my selling on hold and riding the upward wave.
In particular, I will be watching Workhorse (WKHS), which we have owned since 2014. It dropped as low as 46 cents in 2018 and had 2020 low of $1.37. Last week it hit an all time intraday high of $22.90. Amazing and unbelievable. I have open sell orders at $30, $50, $99, and $200. LOL If they execute, I will know irrational exuberance has taken over the market.
Full disclosure: We own share of WKHS in our personal account.
For more on New Beginnings, check back Sundays for a new segment.
This is not financial nor investment advice. Please consult a professional advisor.
Copyright © 2020 Achievement Catalyst, LLC
Subscribe to My Wealth Builder
November Goals Update
4 days ago
No comments:
Post a Comment