TAKE MORE PARTIAL PROFITS ON AIRBNB
Investors need to differentiate between a good company and a good stock — the two are not always the same thing. Moreover, per our ZYX Method, it is important to always be booking some profits while letting long term positions run.
Airbnb (ABNB) is a good company but the stock has become very expensive. There are very nice profits on the position. Consider taking profits on a 5% tranche in the zone of $169 to $174.38. ABNB is trading at $170.20 as of this writing, up 6% for the day. It is always best to take profits into strength. After this profit-taking, 30% of the full core position size will continue to be held.… Please click here or the title below to read more.
January 13, 2021