In the May issue of Wealthy Tech Investor, I issued sell alerts for four positions in our portfolio.
Today will mark our official exit date and we will use the closing prices of May 21, 2020 as our official exit price.
Let’s jump right into why it’s time to sell these four winners.
First up is Zoom (ZM).
I picked up shares just four months ago at just $76.94. And it’s just been a rocket ship since then.
Everyone’s using Zoom meetings right now. We’re talking about schools, businesses, yoga teachers. Basically, if you used to meet with people in groups prior to stay at home orders, you’re doing the same thing now on Zoom.
It’s a home run hit that came out of the recent events. Now shares are trading around $175.48…but we’re not sure how much higher it can go. That’s why it’s time to lock in your gains of 128% and free up that capital.
Next up, we’re got Trade Desk Inc (TTD) and Roku (ROKU).
We picked up shares of both back in January of 2019. We locked in shares of Trade Desk for $116.16 and Roku at $32.52 Both companies have seen substantial gains since then.
Trade Desk is up 155% and Roku up 260%.
The problem now is that both are too expensive. Shares have lost their steam which makes them not ideal holdings for this choppy market. It’s time to lock in those gains and free up capital for the next great idea.
Last but not least, it’s time to sell Nike Inc (NKE).
This one has also been in our portfolio since January 2019. And it’s been a bit more of a wild ride than the others.
We added Nike as a way to profit from wearable tech. Shares are currently trading only $20 above our entry price. But we have to remember that at the end of the day, Nike is still an apparel company. And specialty apparel is not the place to have your money in the current market conditions.
We’re still going to lock in 25.51% and get out before things could take a turn for the worse.
Congratulations on these winners and massive gains on your investments.
I’d love to hear how you fared on these. Feel free to drop us a line at [email protected].
Action to Take:
Sell all Zoom (ZM) at market
Sell all Trade Desk Inc (TTD) at market
Sell all Roku Inc (ROKU) at market
Sell all Nike Inc. (NKE) at market