Taking Our Medicine
[from the 01/11/2016 edition of Smart Tech 50 Weekly Movers]
With the stock market reeling from last week’s currency devaluation out of China, we are closing out several positions to decrease exposure to reduce risk until there is further clarity. We are selling the following the stocks out of the STI Medical Profits Portfolio effective immediately:
- Emergent Biosolutions (EBS) – Bought on 5/11/15 at $30.63. Stopped out on 01/07/2016 at $36. Return = 17.63%.
- Masimo Corporation (MASI) –Bought on 7/11/2015 at $40.65. Stoped out on 01/06/2016 at $38 1/6/16. Return = -6.5%
- Edwards Life Sciences (EW) – Bought on 10/27/15 at $76.50 (post 2 for 1 split). Sell Stop triggered at $78. Return = 1.96%.