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Sold Regeneron
Just like I buy into irrational drops, I sell into irrational gains. Data shows investors overreact to both good news & bad. While these clinical trials may show excellent promise, 20% moves in one day are just plain irrational in my book. It was a very small position because it’s not an industry I like to dabble in. Perfectly content taking a ~16% gain on the position and adding to something I have more conviction in.

AverageInvestor's avatar
I took a similar approach with my speculative plays. When I got 20% or so of a gain I cashed out of the position and used the gains to increase a long term holding while redistributing the initial investment into another speculative stock. Worked well during the boom, not so much recently.
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