Monday, November 6, 2017

Recent Sale - Venture Manufacturing

Selling Venture Manufacturing 600 shares @ $21.090.

Recent for selling:
1. Reading news over the weekend that Jeff Bezos was cashing out on his Amazon shares. Insiders selling may indicate short term peak for IT / technology related stock.
2. The recent parabolic run. I’m especially uncomfortable with the gap up since the opening today. It seemed there were many people that became too optimistic with its recent good result announcement.
3. As I worked in IT / technology, I understand it’s a cyclical sector. Many companies are sold with the trendy buzz word around digitalization, public cloud, software defined everything, continuous integration/continuous deployment, and devops. It reminds me in 2000, everyone wants to be a web programmer and work for a dot com startup.