$Hershey(HSY)$ HUAT AH!
Decided to take profit on my Hershey holdings. I bought it at an undervalued valuation, but also was prepared for the stock to go down further and I would buy more, however the opposite has happened and the stock has gone up a lot. Now the global cocoa crisis has not changed, but perhaps market outlook on consumer spending has changed, with the Trump tax cuts well on their way and News about a possible $5000 tax refund on the way to every American citizen, its entirely possible that this could be a great year for retail spending.
Considering how one of the reasons why Hershey went down was because of market fear over how people cutting back would cut back on luxury food stuffs like chocolates, this seems to be a reversal of that sentiment.
However I think this sudden rise is a bit too fast, but I don't mind missing the boat either, onwards and upwards to new opportunities! I'll definitely be monitoring Hershey again and if it falls below 150, I'll definitely buy again!
@Optionspuppy @TigerTradingNotes @CaptainTiger @TigerWire @Buffett Investment Tracker
$Hershey(HSY)$
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