TTP Morning Update: $CAI

Good Morning! The portfolio held up well through the early day sell-off yesterday and we are profitable on all five open positions heading into trading today. We were able to capture swing gains on CAI in the post market last night at $33.00 for a 12.44% gain. The earnings took us a bit by surprise as we weren’t expecting them until next week, fortunately they looked pretty good. I have no indication yet where the stock may open, but the last trade last night was $33.45. Take advantage should the stock gap higher to take your swing gains. Also, you have the option of using a small trailing stop to try and squeeze some more gains out of the first half of your shares. What you can not do is let the stock come back in without taking your profits. Should the stock hang around the target price, don’t split hairs over a nickel or two and take your gains. We will update later as needed.

-CJ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s