You normally get people selling into news even if we expect it to go up further long term. Also a lot of people who have been part of the journey for over 12 months will be at or over 100% profit so not surprised if there is some profit taking going on in the next few weeks. We saw the sell side get a bit thicker towards the end of Friday (albeit still incredibly thin. At one point we only had 9 offers on the sell side!). Very unusual to see any stock just keep going straight up in the shorter term, but I'm very bullish long term.
I'm at 100% profit at the moment so I sold about 15% of my holdings on Friday. I'm a bit more conservative and want to lock profits away while they're available. Would normally sell half and free carry the rest at this point but can't bring myself to do it with KSS - the upside looks too good. The only thing stopping us is a launch failure. And this won't mean the end, just another delay.
Good luck all and let's have another cracker of a week.
IMO DYOR
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