ACTION:
Take profits and sell to close the DSCO common stock position from November 2014 at current levels.
Dear Momentum Stocks Weekly Subscriber,
I have a Profit Alert for one of the current trades in the Momentum Stocks Weekly portfolio. The gains were minimal, but I want to use the proceeds to move on to faster-moving trades.
Discovery Laboratories (DSCO, $1.22, up $0.03)
Original Entry Price: $1.60 (11/11/14)
Lowered Price from selling options: $1.20
Exit Target: $1.25 (Limit Order)
Return: 2%
Stop Target: None
Take profits and sell to close the DSCO common stock position from November 2014 at current levels.
Monday’s high reached $1.24, and the stock came within a penny of triggering the Limit Order at $1.25. Although this level could still trigger, I’m closing the trade at current levels to reduce our exposure, as we have another open position in DSCO.
All prices given in this update are current as 1:55 p.m. EST.
Every new Momentum Stocks Weekly recommendation is listed with the price at which I entered my own position. If the price is slightly different than my recommended entry or exit price when you receive the alert, don’t let that keep you from getting into or out of a trade. Occasionally, you might even get a better “fill” price than what is posted in the Open Trades and Closed Trades.
Trade on!
Rick Rouse
Editor
Momentum Stocks Weekly