Following my previous sell argument, I just sold some more, taking profits again. My position is up more than 300% at this point.
$CLS (+4.22%) has an amazing momentum 🚀🚀, is beating every time EPS, Revenue, and forecasts. But at this point it screams hype and overvaluation.
Does this mean that the stock will fall soon? Probably not, momentum is intact, it is an AI related stock and growth usually justifies rich valuations… But I’m not comfortable having an overvalued stock as my biggest position (8% of my portfolio).
Locking some profits, keeping still the majority of the investment, and looking to allocate the profits elsewhere!