Reducing Exposure in Two Positions Ahead Of Next Week’s Issue
As we continue to balance the pursuit of opportunities with the desire to preserve capital/current gains we’re intently focused on stocks that are breaking down to new lows. Today we’ll take partial profits on another name and step completely away from one stock.
Also, we have the next Issue of Cabot Early Opportunities scheduled for next week. Given that the market is closed on Monday I’m going to push the publication date back a day, to Thursday, January 20.
Altair Engineering (ALTR) has been one of our most resilient software stocks but shares have taken another leg down today. Hopefully this is the wrong decision, but let’s go ahead and sell a quarter of the position for a roughly 50% gain. SELL A QUARTER, HOLD THE REST
Bath And Body Works (BBWI) continues to slide despite pre-announcing decent Q4 numbers. Let’s step away with a roughly 14% loss. SELL