1:35 p.m. New York time
In my Momentum shares portfolio, CUE and NAVI dropped from the pool at the end of the day in which I entered positions, and by my rules, I exited both today, CUE for $8.87 and NAVI for $14.23.
In their place I’ve entered positions in AXE, for $85.74 per share, and MUSA, for $119.35.
CUE resulted in a 1.7% loss — 16 cents — over three days for a -211% annual rate.
NAVI resulted in a 0.8% loss — 12 cents — over the three days for a -102% annual rate.
By Tim Bovee, Portland, Oregon, November 18, 2019
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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