PORTFOLIO UPDATE: YOU NEVER GO BROKE…
Taking profits. Or so they claim. In the case of IWSY, a 185% profit from inception paired with a stretched stock price made it time to trim 25% more from the position. If you'll recall, I trimmed 33% off last week.
During the trading day, I tweeted the following:
I mentioned on Twitter that it looked like A top had formed on IWSY not THE top. A high volume reversal, such as what was experienced today, takes some effort for a stock to overcome. With the absence of any fundamental news that turns the stock nuclear, it should take IWSY, at least, a couple of weeks to overcome today's highs.
Just some portfolio maintenance. Nothing more.
Happy 4th......
