Thomas Cook

I sold my holdings in Thomas Cook today with an over 50% profit in less than a month. I still think the shares will rise, but I think a correction is due and it may come when they report earnings in April. There is an old Wall St saying buy the rumour sell the fact, which refers to run ups of stock prior to an earnings report. The logic is the market has put in the potential from the rumour and will drop on the facts. Facts of course never being as good as rumours. If they do drop below 20p again I will buy in.