>I still hold some shares, but have taken profits to protect my capital.
I completely understand this feeling. I have had it myself - the shares probably are overvalued at this price. But the best companies often are, and frequently for very long periods of time. And often the correction to a high PE is due to earnings rather than price.
I remind myself that my cost base was considerably lower, and the expected returns from the business are still coming. So while it is tempting to take some capital gain, it may mean forgoing those future returns that made me invest in the first place. It would be extraordinary if the share price were to return to those buying levels again, and I don't speculate on share prices.
VOC Price at posting:
$3.45 Sentiment: Hold Disclosure: Held
