18 January 2017
VSTM - Has a solid ABR of 1.6-2.5 depending on your sources and a projected value of $4. We want our 5% off of this but we won't be selling until something great comes along.
MGNX - Problem child #2. This stock just fell at the wrong time; we all make bad calls and this was a poor call on our part. It will recover but it's going to take time...too much time. Once we unload NMM, we'll be putting every extra cent in MGNX to drive the price down until we can break even. Target - $39.00
NMM - Problem child #1. NMM is uncharacteristically up right now. We think the real price for this is like $1.41. Right now, we're trying to buy ourselves out of this stock. It's not good and we don't anticipate it getting better. Hopefully in two months we've paid enough dummy tax to break even.
CEMP - Everything was down today, this was on the biggest sell and we still love it to trend upwards. Hopefully, we're out of this by the end of the week with our 5%.
LMCA - This is a great stock, maybe not today, maybe not tomorrow, but this year. Projected price of $40. Most likely will sale @ 5% gain, but there's no reason to worry about this position.
MIDD - Depending on the market, this is essentially as good as gone. Sitting at 1.77% gain right now, once the market recovers, this should be gone quickly.
UEPS - Systematic investing. 5% and out.
FBP - Systematic investing. 5% and out. Doubled down on this stock today, not because we love it, but because we think it was a safe bet for a slight increase tomorrow. Don't be surprised if we sell off 50% for a slight gain, but only for the next best stock.
LCI - This position is performing surprisingly bad. We might be worried about it, we might not. Let's see what happens. Target - $31.00
AVGO - Expensive stock, but will gain 5% quick enough. Diversity. Sitting pretty @ 3.93%. We'll be in the office early to hopefully unload this ASAP.