Sell Alert: LeMaitre Vascular (LMAT)
TRADE INSTRUCTIONS
Date: December 8, 2016
Name: LeMaitre Vascular
Symbol: LMAT
Type: Close
Limit: Sell at market
TRADE RATIONALE
We are bailing out of LeMaitre Vascular a month early to protect our gain given recent technical weakness in this stock. LMAT appears to be trending down towards its 50DMA after bouncing off its upper Bollinger Band a few weeks ago and is beginning to show signs of downward momentum so I think it’s time to take the money and run while it is trading up with the rest of the market this morning.
We have come close to achieving our target return of 20% on an absolute basis (+17% as of yesterday), and on annualized basis we still have a 100% return in this position so I want to lock that in while we can still have it.
NOTE: The last two weeks of December and first two weeks of January can get pretty messy due to portfolio managers engaging in window dressing, tax loss harvesting and other buy/sell decisions that have very little to do with a stock’s inherent value. For that reason I may be closing out a couple of other positions this month so you can enjoy the holidays knowing your gains are secure and you will have sufficient funds to pay off that big credit card bill in January!
Stock Talk
Rick
Good call Jim. I got in a little lower price, so I did get 20%. Happy to wait for next buy.
You must be logged in to post to Stock Talk OR create an account
Roger Hill
Sold long call LMAT170317C17.5 for $6.20 for a profit of 22.94%.
Thanks, Jim.
SW is working very well for me: so far I’ve closed 3 SW trades (long call options) with a total return of 51.18%. Looking forward to your continued success with SW.
black arrow
Roger that!
You must be logged in to post to Stock Talk OR create an account
Larry Johnson
Yes Sir, Roger!
We’re right in there with ya on those comments. I’ve done very well with SW so far.
Hope to continue that trend into next year…and beyond.
I think Jim Pearce has done us a pretty darn good job.
It was a little rocky at first with getting the text alerts going, but I’m more than pleased with my investment results from this service.
LJ
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Skippie2000
Are you working on another recommendation to replace it?
Jim Pearce
Yes, may have one tomorrow morning depending on how market closes today. If not tomorrow, then Tuesday at the latest.
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Add New Comments
You must be logged in to post to Stock Talk OR create an account