White Cap Portfolio Update
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Our Robbins & Myers (NYSE: RBN) position is up 20% and our options are up even more. Raise your sell stop to $25. If you bought the options sell your October $25 calls for $2.30 or more for a gain of 109%. I’ll be in touch again this week. Ahead of the tape, Matthew Weinschenk
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There’s a lot to cover today. Let’s start with the current portfolio. Cytec Industries (NYSE:CYT) hit a new high yesterday. Raise your sell stop to $52.40. Robbins & Myers (NYSE: RBN) is up too. Raise your stop to $23.60. Finally, we’ve stopped out of RINO International (Nasdaq: RINO). Everything still looks great at the company……
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I know The FastCap Strategist has been quiet lately. The earnings surprises over the last few weeks just haven’t had the features I’m looking for in a post-earnings-announcement-drift stock. Here’s the biggest issue I’m seeing: The stocks that have surprised lately have already had much too high a level of institutional ownership. Our thesis for…
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