11/5 Best Idea For The Week Ahead

A question I get a lot is when to close out a gain on one of these best ideas when you have it. There is no right answer, whatever works for you is the right answer, take AMT, when I wrote that up as a best idea the first week of October it was $164/share, it is $190/share today. REITs are not tech stocks, when they move 15% in a month, you should take moves like that and consider moving along. Now do I think AMT is good to hold for years, absolutely, and there’s even been more option flow suggesting many looking for a move back over $200 if rates have peaked, but this has been an incredible month for equities, especially the past week, and it is probably prudent to lock in gains on some names you’re unsure of that have made relatively outsized moves.