Sell ASML after this 100% increase? + Earnings preview

My approach after the recent runup and thoughts on Q4 earnings

It may seem like a lifetime ago, but it was just August 2025, when ASML’s shares were trading at €600. Just 5 months later we are almost touching €1200 per share, which is close to a 100% increase. What a run they’ve had. I don’t think anyone expected such a run-up after the weak start in 2025.

While this run-up was happening, I saw a lot of debate on wh…