Major averages finished mixed and near breakeven Friday on higher volume though the risk-on Russell 2000 finished almost a percent higher but on lower volume.
While sideways markets have been prevalent over the last number of months, a number of leading stocks continue to provide profitable buy points to our members such as:
+46.8% gain in SKX, members notified 4/22 at 74.8, current price: 109.78
+11.0% gain in VRX, members notified 4/29 at 212.03, current price 235.41
+36.6 gain in AMBA, members notified 5/14 at 75.63, current price 103.33
+12.1% gain in REGN, members notified 5/8 at 481.29, current price 539.4
+16.4% gain in SUPN, members notified 5/21 at 13.26, current price 15.43
The key over the last couple of years has been to take profits when you have them in context with the overall chart and general market. By ‘baby-stepping’ his account in this manner, the co-founder of Virtue of Selfish Investing, Gil Morales, was able to achieved a triple digit percentage return in 2014. And some of our members have told us of their trading account victories despite the challenging QE-driven market. Bravo.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.