The Daily Kill Sheet Picking Off Profits One Stock At A Time!

November 26, 2012

Daily Kill Sheet For November 26, 2012

Filed under: Uncategorized — Administrator @ 9:14 am

I am closing out my 7/10 Trading Buy on Take Two Interactive (TTWO, $12.42) and my 10/4 Trading Call on The Buckle (BKE, $50.39) with gains of 34.1% and 11.0%, respectively.

For TTWO, we took advantage of the seasonal trading pattern for the stock and we’re closing out our position with a hefty gain. While there could be more upside to the stock, as companies report their Black Friday and Cyber Monday sales, I find it is better to take profits ahead of the news in case we see a case of buy the rumor sell the news.

For BKE, the company announced a $4 a hare special dividend as we speculated they might and we are selling the shares given they have achieved our catalyst.

November 12, 2012

Daily Kill Sheet For November 12, 2012

Filed under: Uncategorized — Administrator @ 9:41 am

I am taking profits on my 5/18 Trading Buy on Precision Castparts (PCP, $181.44) for a 9.0% gain. Friday after the close, the company announced the acquisition of Titanium Metals for $16.50 a share. Although the acquisition should be accretive to earnings to the tune of $0.50 – $1.00, the acquisition will likely add an added element of cyclicity to PCP’s earnings. Given the stock has now passed my near-term price target, I am taking profits here and looking for a better entry point.

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