Trade Alert: Sell AIR, ANGO, ECOM, BID

By Scott Chan • April 20, 2018

Sell AAR Corporation (NYSE: AIR), AngioDynamics (NASDAQ: ANGO). ChannelAdvisor (NYSE: ECOM) and Sotheby’s (NYSE: BID).

We recommend taking gains on AIR, ANGO, ECOM, and BID. More details to come in today’s weekly update later.

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Jeffrey J

04/20/18 ‐ 10:29am ET April 20, 2018 at 10:29am ET

AIR filled @ $45.16 (10.4% gain).
ANGO filled @ $20.02 (21.8% gain).
ECOM filled @ $11.05 (19.5% gain).
Thanks, Scott

Scott Chan

04/20/18 ‐ 6:34pm ET April 20, 2018 at 6:34pm ET

Dear Jeffrey,

Good to see you did well on these trades!

Edward Adams

04/20/18 ‐ 12:40pm ET April 20, 2018 at 12:40pm ET

why the sell on ecom?

Scott Chan

04/20/18 ‐ 6:40pm ET April 20, 2018 at 6:40pm ET

Dear Edward,

It was frankly a profit taking trade after the big jump yesterday.

A stock like ECOM has potential to do what it did yesterday, jumping almost 20% in one day, but on the flip side some bad news could wipe out most of the gains quickly.

Len Lastuck

04/20/18 ‐ 2:36pm ET April 20, 2018 at 2:36pm ET

What is happening with vast?

Scott Chan

04/20/18 ‐ 6:47pm ET April 20, 2018 at 6:47pm ET

Dear Len,

We had VSAT for about 3 months from Aug 2017 to Nov 2017. The stock gained about 18% in that stretch and we decided to take the gain because after a run the downside risk outweighed the upside.

Haven’t really followed VSAT very much since so I am afraid I can’t give you much on it. I do know that ViaSat recently lost a deal with Eutelsat. Eutelsat was supposed to invest in one of ViaSat’s upcoming satellites that will cover the Europe, Middle East, and Africa regions, but now it will go alone with its own satellite. This means ViaSat lost a partner and gained a competitor at the same time.

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About The Author

Scott Chan

Bio | Archive

Scott Chan moved from China to the U.S. with family at the age of ten. He passed the rigorous entrance exam and attended the merit-based Stuyvesant High School, widely held to be best public school in New York City. He earned undergraduate degrees from New York University followed by an MBA degree from the Zicklin School of Business at Baruch College.

Shortly thereafter Scott partnered with Dr. Stephen Leeb on numerous financial publications. Today, he serves as the lead analyst for Real World Investing and The Complete Investor.

Mr. Chan is an avid baseball fan and enjoys outdoor activities in his spare time. A multicultural person, he reads Chinese and speaks fluent Mandarin and Cantonese Chinese.