I purchased 20 shares of tesla Feb 10th or 11th at $146.63 a share. I had a strong indication that the stock price over corrected with the downturn in the market and also the quarterly reports. I also assumed that with their upcoming Model 3 release the stock price would swing back up.
My exit strategy going into the stock was at $230 a share I was going to get my investment back out and let the rest sit until the end of time. I assumed that at best I could get $230 a share when the new car was announced.
Well on Friday it closed at $232 a share and there is still a week and a half until the announcement. It's very likely that this stock can approach $300 a share.
So here is my question. Does a disciplined investor stick with their original strategy and get out or do they stay in and make more? Also, I anticipate that this stock is worth around $260 a share. So am I silly for not selling it all if it goes above that?
Ehh good problems to have but still tough to decide. I don't want to miss bigger gains.