Tempted to take some profits on a longterm investment

Crawling out of my grotto to ask a concept question… I bought SGML as a long term investment (see: years, retirement account) But it’s had a significant spike lately.

I’m tempted to sell some off and buy again when it falls a bit/corrects(?), but at the same time if this is a longterm hold, then theoretically I would expect it to keep growing in the future, which would outweigh any short term gains.

I think this really comes down to your goals for the stock.

Will the short-term gains make a difference in your life? There is always the aspect that the stock does not dip. Also, some tax implications to consider.

I don’t think there is a perfect answer to this question, but really depends on your goals what you want to do with the potential money of the sale.