Anonymous
Anonymous asked in Business & FinanceInvesting · 1 decade ago

Should I hold or sell my International Paper Stock?

International Paper just announced their earnings and they were huge due to a fuel tax credit. Otherwise they would have lost money. They credit expires in December. However, the Senate may close the loophole faster or all the other paper companies will follow with the credits costing the government about a billion dollars. Should I jump ship now or wait until the government closes the loop hole?

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  • 1 decade ago
    Favorite Answer

    Let this run a little longer, MACD technical very positive since 20 April, money still moving into the stock, this may be good candidate to place a trailing stop under.

  • 1 decade ago

    if youre happy with your current profits get out. make a stop loss

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