Ready to take profits on Wells Fargo?

If you read my column Sunday and saw Wells Fargo had been added to my due diligence — I hope you rolled up your sleeves, did your own homework, snapped some up — and enjoyed a nice big boost in the stock’s closing price yesterday.

The nice profit seemed to leave many on the street with their jaws dropped, not expecting such a nice leap.

But if you did your homework — it should have come as no surprise to you.

I just hope you didn’t spend the rest of the day celebrating, and instead rolled up your sleeves to decide what you’re going to do with that profit — are you going to try to ride it for a while — or be more cautious, and take some profits this morning?

I’ll leave that for each of you to decide.

Just remember — we are currently in a trader’s market — not an investor’s market. Recognizing this difference is imperative.

The usual disclaimer: Don’t base any of your invetment decisions on anything you read here. Do your own due dilgience, or at least enough research to pick the right professional to do it for you.

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