We’ve seen a historic run in our portfolio to close 2019, just as I predicted with gains of 1,161%!
That means it’s time for us to manage our profits and take some off the table.
Today, I’m issuing a sell alert for Shopify (SHOP).
We're going to capture gains of about 227% from our perfectly timed investment in this company.
These gains more than doubled our money in (SHOP) since you established a position back in January 2019.
With shares trading at $450 per share, it makes it challenging to recommend buying shares or tying up this much capital in one name.
Our advantage is finding opportunities before Wall Street rushes in and takes over.
The retail sector is digesting recent weaker than expected holiday sales, which could be a signal for consumer weakness.
While Shopify is a technology e-commerce platform play, possible weakness in consumer spending will become widespread with small shop owners using Shopify's platform.
Just to be clear, there’s absolutely nothing wrong with Shopify. I’m still bullish on its long-term prospects.
As 5G continues to roll out, more and more people are using their mobile devices to purchase.
But in order to create wealth, we can't just buy and hold.
We must buy, hold and manage.
Any piece of bad news would likely pull back the stock significantly, and I don’t want to miss the chance to book such a great profit.
I expect we’ll see a healthy pullback in the stock between now and the spring, which may provide another entry point.
So we're going to formally close out our position in (SHOP).
We'll pocket our incredible 227% gain in just 12 months’ time and deploy the capital into a better opportunity we've identified.
Congratulations on such a great win!
After you exit, write to me and tell me how you fared on this amazing investment at [email protected]
Action to Take:
We’ll use tomorrow’s (January 17, 2020) closing price as our official exit.
To your wealth, freedom, and options!