Recent Sell: Deere & Company

These things don’t usually play out well for me but I decided to sell out my position on Deere Company today. They beat the expectations with a significant margin and the stock shot up 10 percent. My original cost basis was around 84 USD and today I sold all 45 shares for 101,25 USD per share. During my ownership in the company I received 175,20 USD as dividends.

Now I don’t typically like to sell any of the companies I still believe in. With the current valuation however I feel that there’s a good chance that I can buy back the shares for much less within the next couple of weeks or months. I’m not totally sure if I’ll do that but it’s an option if the price drops enough. I really don’t like to speculate but I can accept it for the cyclical positions and especially for cyclicals which seems to get overvalued.

See: http://seekingalpha.com/news/3226623-deere-soars-big-fq4-beat