InvestorQ : Should I hold on to Burger King, or can I book profits on the stock? Do you suggest buying any fresh stocks ahead of Christmas and New Year?
Dia Deshpande made post

Should I hold on to Burger King, or can I book profits on the stock? Do you suggest buying any fresh stocks ahead of Christmas and New Year?

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diksha shah answered.
5 months ago
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Let us talk about Burger King first. The answer to your question is not “why”, but “why not”. If you have made 18% returns in just 3 days, then the obvious answer as a trader is to take your profits and exit. In trading, if something is too good to be true then it is possibly not true. You will also agree with me that 18% in 3 days is just too good to be true.

On Wednesday, I had not suggested any changes, but most of the stocks that you may have averaged on Tuesday at lower levels have bounced back sharply. The only stock I would have anyways asked you to book out today is Burger King and that part has been explained by me detail. QSR business is still a great business, but that is not your lookout as a trader.

What about the other stock positions. I am quite comfortable in terms of MTM performance of most of the open positions at this point of time. I don’t see any immediate risk to our existing positions in the market so you can hold on to all stocks after booking out of Burger King. Just keep an eye on BEL and M&M, which show momentum promise next week.

Considering that this is the last trading day ahead of a long Christmas weekend, I am not suggesting adding any stocks on Thursday. Instead, you should wait for the next week and take positions when the right opportunities come up. Let me add, that I do not see any major correction in the market at this point of time.

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