Category Archives: Live Trades

Trades

I sold 125 shares of Smith & Wesson (SWBI) @ $16.8803. I still own 145 shares. I was up 122% on the position and it had grown to 10% of my account. I took it back down to 5%. I still don’t think that the run for this stock is over, as gun sales are likely to be strong.

I bought 350 shares of Friedman Industries (FRD) @ $4.9899, which is below net current asset value and 50% of tangible book.

PLEASE NOTE: The information provided on this site is not financial advice and it is for informational and discussion purposes only. Do your own homework. Full disclosure: my current holdings.  Read the full disclaimer.

SH

With the market now above the 200 day moving average combined with the fact that it is seemingly immune to bad economic news and nationwide riots, it’s apparent to me that fighting the Fed and buying this ETF was a mistake.

I still think the market is overvalued and hold a lot of cash, but I’m not going to be short this market anymore.

Sold 290 shares @ $23.025.

PLEASE NOTE: The information provided on this site is not financial advice and it is for informational and discussion purposes only. Do your own homework. Full disclosure: my current holdings.  Read the full disclaimer.