Trading & Investing

Going to trim out some stocks to build up cash for some stocks we like that provide potentially a better return as the market makes for a leg higher.

Sell to Close Costco (COST) 2.0 shares.  Beat on the street, stock making a nice move pre-market, but not much to push it higher after earnings.  Rather look to rebuy in the 290 area.

Sell to Close CVS (CVS) 15.0 Shares.  Had a nice return on our investment here, but after the earning report with Wallgreens (WBA) the stock is not likely to go anywhere until they report which if similar will weigh on the stock.

Sell 10 Shares of Invitae (NVTA) leaving us with 20 shares.  After a nice run we want to take some risk off the table and look to re-enter if we get a decent pullback into the low to mid 20’s.

Sell 10 Shares of our Gold Miners (GDX) leaving us with 40 shares.  Lots of talk on Gold, starting to see those late to the game buying here, and that is where we want to trim out some risk.  We are near our 40.0 target level and if you are in one of the others like NEM, GOLD or KL, good area to lock in some profits.

This will raise some cash so we can put the money to use in some of the stocks we went over yesterday and this morning like AMD INMD PRLB MITK KTOS and LC.  May use our options strategy as well.