I have held Netflix for 6 years at $90/share. At one point I had quite a large profit but as we all know this stock has been pummeled lately. I always thought of this as a long-term hold but am wondering if they’ve hit their cap for growth with the loss of subscribers and competition.
I still have 120% profit and I’m trying to not panic but am also evaluating the potential for growth for the future. Should I think about selling to lock in profits? Maybe just sell enough to recoup my initial investment and hold the rest? When do you all think about taking some profits on long-term stocks?
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