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

September 18, 2013

Daily Kill Sheet For September 18,2013

Filed under: Advice,Copper/Gold Mining,Long,Take Profits — Administrator @ 10:46 am

I am closing out my 4/18 long call on Freeport McMoran Copper & Gold (FCX, $33.76) with a 22.9% gain.The May $24 puts that I recommended you sell expired worthless, thus we experienced a 5.4% return on that position as well.

The Daily Kill Sheet has not been updated for a while due to a death in the family. My wife had gotten sick earlier in the year which culminated  in her spending two weeks in intensive care in July, and her death in early August. Given the lack of activity on the blog, please consider all trades prior to March 2013 as closed. New trading ideas will be added regularly from here on out.

May 14, 2013

Daily Kill Sheet For May 14, 2013

Filed under: Advice,Consumer Discretionary,Take Profits — Administrator @ 8:46 am

I am taking profits on my 5/29/12 investment in  Sony Corp. (SNE, $21.61) with a 62.4% gain. The stock is up strongly this morning on news that Daniel Loeb has approached Sony with a letter stating that they should spin-off  part of its Entertainment Business to help raise capital to fix its ailing consumer electronics business. We bought the stock last year when it was trading at about 0.5x book value and my longer-term price target was $18 a share. The stock has easily surpassed that here and it’s time to take profit on the spike. While Loeb may want Sony to spinoff a piece of its business, there is no guarantee that Sony will listen to him. Thus, let’s take profits on the short-term spike.

April 17, 2013

Daily Kill Sheet For April 17, 2013

Filed under: Advice,Industrial,Industrials,Shorts,Take Profits — Administrator @ 10:09 am

I am closing out my short position in Cummins Inc. (CMI, $108.15) for a 6.3% gain. These shares are very volatile, and with the markets beginning to look near-term oversold I want to cover here and look for an entry point after a bounce.

April 16, 2013

Daily Kill Sheet For April 16, 2013

Filed under: Advice,Industrial,Industrials,Shorts,Take Profits — Administrator @ 8:15 am

I am taking profits on two of our short positions here after yesterday’s big decline. With that said, I am closing out our 1/31 short on Kennametal (KMT, $36.17) with a 12.5% gain. I am also closing out my 3/21 short on Parker Hannifin (PH, $85.96) with an 8.5% gain. Both stocks have had solid declines and are trading near our short-term price targets, thus I will take profits off the table here.

February 26, 2013

The Daily Kill Sheet For February 26, 2013

Filed under: Industrial,Industrials,Shorts,Take Profits,Uncategorized — Administrator @ 10:03 am

Time to take profits on our 1/25 Caterpillar Inc. (CAT, $88.80) short position. The shares have weakened substantially since reporting earnings on 1/31. Although the consensus estimate has dropped $0.59 a share over the past four weeks, it still remains well above my $6.50 estimate. Looking ahead, I expect estimates for the year to continue to fall. However, the stock is approaching its 200-day moving average and I am expecting a dead-cat bounce here. Thus, we will take a 7.1% return on our short position here and look to reshort the name on a bounce or break below the 200-day moving average.

Powered by WordPress