CSL hit $200 today. Time to sell? Or time to buy?

From an ASX page:

It originally floated at $2.30 per share in 1994 but given all the share buybacks the company has embarked on, the adjusted entry price is equivalent to around 76 cents. An initial $10,000 investment in CSL would now be worth over $1.3 million with more than $140,000 dividends paid in that time.

Still a great company. 200 is a nice big round number, but so was 50, 100, 150. 200 is just another.

If it makes you nervous and can’t sleep, consider taking some off the table, but apart from the round number do you see any reason why CSL is a sell? Any analysis that says sell?

Sure there will be pullbacks but long term investment may continue to be rewarding.

I’m not sure who said it but “cut your losses early and let the winners run” is not bad philosophy.

If you have a trading plan and that said sell at 200, maybe do that, but consider what will you do with your money. What is a better story?

/r/ausstocks Thread