Sell some Intel to take a larger position in SLS? I’m OKAY with the greed, but I’m not sure my logic is sound.
Greed, fear. I’m commenting to receive advice and listen to opinions.
Info:
1. 400 shares of Intel left after buying in at $22, sold enough already to cover my original cost plus 10%
2. Was going to let it ride, but I have a GREED idea. I have 2,200 shares of SLS cost basis $6.25
3. The idea sell 100 shares of Intel Monday, use those funds to buy another 1000 shares of SLS.
Pertinent info: Both stocks held in nontaxable Roth and SEP IRA accounts. I’m 58, don’t “need” the money.
While I speculate a major recession and corresponding market drop, obviously I could be wrong and if it happens don’t know when. The majority of my retirement funds are in a TSP, about as safe as market funds can get. I’m not buying more bonds, than what the TSP holds.
What do ya’ll think? Sell some INTEl and double down on SLS?
Edit: quick math, if I sold 100shares of Intel at $80 per share, priofit=$8000, so 1000 SLS shares at $7 would need to trade between $15 and $20 to earn back the $8000(as profit)….so maybe this is not the best idea- as I have no idea, even IF the 3rd trial is positive, for an SLS future price. $12 at the low end? beyond $30 seems to be in the outlier territory.
Different path: Sell the Intel and SLS and take my $40,000 profit, dump it in VOO
Thanks in advance for taking your valuable time to read this far and for any feedback.