Top Tweets for #FirstTrustCybersecurityETF

about 2 months ago

Why I Took Profits in the First Trust Cybersecurity ETF (CIBR) Today... The #cybersecurity stocks really rallied hard this week on, well, no news really. On Thursday, the #FirstTrustCybersecurityETF (#CIBR) made a new all-time high and triggered my next sell order along the way, trimming 9.94% of the position I hold in my End-of-the-World Portfolio at $77.89. The sale locked in +47.52% in gains on some of the shares I bought for $52.80 on August 2, 2024 and lowered my cost basis -6.38% from $49.35 to $46.20. Of course, I am still incredibly bullish on the long-term prospects for the cybersecurity plays; there’s simply no way #ArtificialIntelligence “#vibecoding” will be able to adequately replace the security needs for corporations, but when I see an asset rally more than +30% in slightly over a month, it’s time for some #RiskManagement profit-taking. From here, my next buy target is $60.79, above the level of support $CIBR tested several times earlier this year, and I have no sell targets at this time as I am happy with my allocation size and cost basis.

GetIrked's tweet photo. Why I Took Profits in the First Trust Cybersecurity ETF (CIBR) Today...

The #cybersecurity stocks really rallied hard this week on, well, no news really. On Thursday, the #FirstTrustCybersecurityETF (#CIBR) made a new all-time high and triggered my next sell order along the way, trimming 9.94% of the position I hold in my End-of-the-World Portfolio at $77.89.

The sale locked in +47.52% in gains on some of the shares I bought for $52.80 on August 2, 2024 and lowered my cost basis -6.38% from $49.35 to $46.20.

Of course, I am still incredibly bullish on the long-term prospects for the cybersecurity plays; there’s simply no way #ArtificialIntelligence “#vibecoding” will be able to adequately replace the security needs for corporations, but when I see an asset rally more than +30% in slightly over a month, it’s time for some #RiskManagement profit-taking.

From here, my next buy target is $60.79, above the level of support $CIBR tested several times earlier this year, and I have no sell targets at this time as I am happy with my allocation size and cost basis.

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Top Tweets for #FirstTrustCybersecurityETF

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