When I bought shares of Apple (AAPL) in my Jubak Picks and Volatility Portfolios, I was looking for gains from the end of the year rally (which kind of fizzed out) and the traditional Santa Claus rally (which came through as expected) to drive shares higher in the short term.
Since that November 23, 2021 pick, shares of Apple, as of the close today January 4, were up 12% to $179.70, just above my $179 target price for this short-term trade.
In other words I got the gains that I wanted and now it’s time to stick to plan and sell the shares ahead of what looks to be, for Apple and other technology stocks, an unpredictable earnings season.
So I’ll be selling Apple shares out of my Jubak Picks Portfolio tomorrow January 5.
Back on November 23 I also bought Apple for my Volatility Portfolio. I will be selling Apple out of that portfolio as well tomorrow.
This leaves me with my purchases of Advanced Micro Devices (AMD) and Tesla (TSLA) as short-term seasonal rally trades. I’ll be unwinding those positions too over the next few days.