QCOM shares jumped up by 20% this morning and i am going to trim my position and go ahead and sell a third of my shares on strength. If you buy shares of a stock and its meant for trading, its always a good idea to trim part of your position on a huge jump like this. This way you are playing with the "house" money. Its usually not a good idea to buy and hold a stock thats meant for trading(Investment is a different story). Take your profit along the upward trend.
p.s: I'm pretty sure there will be a pullback and it will take a while for qcom to reach my target price of 60
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