LogFAQs > #948676332

I'll preface this by saying that probably no one can time the market, and the following is just my feelings. But, be that as it may, I am feeling a (probably temporary) market top soonish. Probably after New Year's, as positive emotions are riding high before Christmas, and people aren't paying attention to the stock market during the week between Christmas and New Year's. After New Year's, people will return to the reality that the world has not changed, and that it will still be months before the vaccine has enough coverage to really reopen society back to how it was. And it will still be winter, cold, and with little daylight.

I'm trying to unload stocks that I feel are tied to the market/pandemic situation. Actually, I've already largely shifted out of these since the vaccine news came out last month and now it's only 27% of my portfolio that's still in this category. The trouble is that for what's left, I'm long term bullish. Also, all but one of them are in the green and would trigger more taxes if I sold, and the one that's in the red is in the red by only $16. I guess I could buy a burger at McDonald's with the tax savings from selling that.

I was thinking about selling some of my position in AirBNB around $172 yesterday and by the time I made up my mind to do it, it had fallen off of that. I set a limit order at $173 but that never hit and now it's at $160. I think I may end up selling half my position today anyways.

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September 1, 2003; November 4, 2007; September 2, 2013
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