Yesterday I sold my position in Wells Fargo (WFC) for about a $600 profit. Why sell now, on the way up? WFC is $7 below the 52 week high it set in September 2007 and I enjoyed the ride from $23 to $29. That’s a $6 gain over just a couple weeks. It might not seem like a lot, but I only held 120 shares. Profit is Profit. Now I can invest that money elsewhere.

I also sold it because I don’t like to be fully vested for too long. You end up missing other worthy plays. Financials are also questionable at best right now because of the housing and credit situations.

I’m sitting on the cash for now, looking for opportunities.

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