I want to sell SQ and buy ALGN.?

I bought SQ at 82. It is now at 62 and has a 1 year target for 82. Should I cut my losses (200.00) and buy ALGN, which is currently 177 and has a 1 year target of 270?

Update:

Should I sell SQ and buy ALGN?

1 Answer

Relevance
  • Eva
    Lv 5
    12 months ago

    You only have 10 shares, so you're not going to gain much no matter what you do. If you sell at 62, you'll get 620 - commission. You'd only be able to buy a little more than 3 shares of ALGN. Targets are not guarantees. With so little to invest, you should be buying mutual funds instead of individual stocks.

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