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Irrational Exuberance?

16,049 3,024 January 12, 2018 at 03:13 PM
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I took some positions about 2 weeks ago in a variety of companies. As of today, I'm up an average of 23.5% in 2 weeks! Blow off top anyone?

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Joined Nov 2009
Old Hippy & Mortgage Pro
612 Posts
#2
Great timing and if on the right side of a sector rotation great job (and some luck).
With good earnings showing substantiating growth and the new tax benefits there is an exuberance, but irrational? Depends on the position, but I am very watchful - and when questioning a position I still want to hold but wary it may be topping I look to write covered calls for some insurance within some of those positions as well.
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Last edited by tiedyed1 January 12, 2018 at 06:32 PM.
-Adam
Old Hippy & Mortgage Pro
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Joined Apr 2017
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#3
I agree it is running pretty quick but we will see... With tax reform it should keep going but as always there could be minor pullbacks
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Joined Nov 2014
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#4
Sam Zell has finally seen I was right and today has said it's "irrational exuberance". Wink
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