Hi Rabcat,
Although what Winner says is all true, it probably depends whether SKL now makes up an uncomfortably large % of your portfolio and/or whether you have a "better" investment prospect in mind. From my point of view, when a stock is close to/above my valuation AND I'm what I'd consider overweight in it, then I would be tempted to take some profit (probably just enough to add another share to the collection :eek2:)
I'm out of fast-internet for the month (blame the kids!), so running too slow to chart, but would have thought it was well off-trend at present and maybe heading into parabolic territory? In which case, if you want to lighten up, it could be getting close to a good time - if it was me, I'd decide how many I want to sell then watch the depth fairly closely to get a feel for when it might be about to do the stall-reverse.
I agree with Winner that this could well turn into a long term trend that I'll be happy to sit in, but it's not the only stock going up on the NZX and taking some out while it's well above trend to invest elsewhere is something I'd be prepared to risk the occasional Phaedrus lecture for. :ohmy: