We're not making a call on the upcoming results, but we would like to have more wiggle room.
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Our sale does not change our long-term thesis.
We're also downgrading the stock in conjunction with the sale.
The trade is also out of discipline to the S&P Short Range Oscillator, which is now signaling an overbought market.
We're downgrading it back to our 2 rating, meaning we would wait for a pullback before considering adding more shares.
We're locking in some profits on a tech stock that faces headwinds away from the Iran war.
The sale will also help us rebuild our cash position after a series of buys.
