BZH, CCS, HASI, KOP, RITM
Went on a little bit of a selling spreee this mornings. Market has rallied off the bottom in my opinion alot thanks to yield dropping this week, I don't think this is the last if yields rising at some point. So I do think things that are interest rate sensitive could come under pressure and offer better buying opportunities in these stock. Time to raise a little cash after a almost 5% run in the 2000 index this week.
BZH- Sold around $29, close to break even, the stock was in the low 25's on monday, and if interest rates go back up next week, I think I could reenter at a better entry point.
CCS- Sold in the 78's, slightly, down. Was in the 68 range on monday. That is a nice run off the bottom. As I said I thought I did a terrible job on entry points with the homebuilders will look to buyback, just reposition my entry point lower in my opinion.
HASI- Not the cheapest stock I own, will look to buy back cheap, but the yield is under 6% so sold in the 28.20's. Had a profit after buying in the 26's.
KOP- So sold in the low 32's. brought a little under 31. But was in the low 29's just this week. I think short-term the stock will top out sub $33 here. Will try to buyback at a better entry point.
RITM- Had a decent profit, towards the high end of the range. So, sold around $11.35. Time will tell.
Conclusion: Today is a day where I feel it was smart to reduce exposure, Hence I added cash back to my portfolio. Time will tell if I'm right. Will look to add the cash back on the next pullback which I think could occur next week, if yields go back up a bit in my opinion.
AI
