As full disclosure, FirstEnergy (FE) was one of Nigam’s major clients for over 25 years. FirstEnergy was also a user of Theory ZYX of Change Management. Theory ZYX is the foundation of the ZYX Change Method, which has helped long time subscribers make a fortune.

A gain such as 87% is not common on electric utilities. Electric utilities are supposed to be staid defensive stocks. Yet, there is an 87% gain on FE.  The reason is that buy signals were opportunistically given when the stock fell due to a corruption probe regarding nuclear power plants.  Nigam was able to take advantage of his deep knowledge of nuclear power, financing of electric utilities, and regulatory regime to give a buy signal at a time when Wall Street was uniformly panicking and issuing sell signals.

Even after the stock has risen, there is a 3.35% dividend.

Partial profits have already been taken. 45% of full core position size is still being held.

Normally, the signal is to sell electric utilities when interest rates are rising. However, in these market conditions, utilities can serve as defensive stocks.

The first target zone has been $47.61 – $52. For practical purposes, the stock is at the first target zone.

The new first target zone is $56 – $60. The new second very long-term target zone is $68 – $75.

What To Do Now

Those in the stock may consider continuing to hold.

In response to your questions about taking partial profits here, nobody ever went broke by taking profits. Consider taking a portfolio approach. The best way to decide if you should take partial profits depends on what else is in your portfolio.   If you want a deeper knowledge of the best way to make this and other similar decisions, consider attending the Bullet Proof seminar.

Those not in the stock may wait for a signal on the Real Time Feed.