Onsemi (ON) closed beneath 60 yesterday. That triggers our tiered sell-stop for the position, of sell half ‘near 60.’ SELL HALF today.
Onsemi has been a top performer in the Real Money Portfolio lately, but given market conditions, it’s prudent to book the 32% profit here on half our holdings. Continue to hold the remaining half, with the sell-stop of ‘under 54.’
Please let me know if you have any questions or comments. You can reach me at brendan@cabot.net.