Live: Thursday, January 16, 2020

3:40 p.m. New York time

SIG in my Value Portfolio shot up sharply on strong guidance from the company, and I took my profits before the inevitable end of day decline set in. I’ll make a decision Friday on re-entry, which coincidentally is when I manage Value positions this week.

I exited SIG for a $30.70 credit, up $11.86 from the entry price. The position’s return was 62.9% over seven days for a +3,281 annual rate.

1:55 p.m. New York time

A trailing 10% stop on DQ was triggered. The exit came at $54.05 per share, down 66 cents from the entry level. The position showed a -1.2% loss over 13 days for a -34% annual rate. DQ began in the Momentum Portfolio, moved to the Bench after it’s metrics deteriorated, and then returned to Momentum, where it met its end.

10:05 a.m. New York time

I exited PAAS after it’s trailing 10% stop was triggered. The position sold for $23.39 per share, down $1.81 from the entry level, producing a 7.8% loss over 21 days, or a -135% annual rate. PAAS was initially in the Momentum Portfolio but moved to the Bench after it dropped from the screen. It continues to hold a “strong buy” rank from Zacks.

9:55 a.m. New York time

I managed the Utilities Portfolio today. AES dropped from “buy” to “hold”. The stock goes ex-dividend on January 30, so I moved the symbol over to the Bench rather than selling it.

To replace it in the portfolio, I bought shares of EIX for a $76.97 debit each.

There were no changes to the Bench, beyond the addition of AES.

By Tim Bovee, Portland, Oregon, January 16, 2020


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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