I have zero interest in holding stocks that go down after earnings. I made an exception with HUBS — only because I knew Wall Street was wrong — because I know the company. Seeing the stock up nearly 10 since earnings day confirms my winship. It is now my largest position — 15% of my portfolio — edge-lording higher.
But today I had to sell two stocks that are down post earnings: CBLK, QTWO. I have no allegiance to them and zero interest in buying more, so they’re gone.
CBLK was a small gain and QTWO was a 4.5% loss.
Over in dog-food land, I kicked out FRPT, which is spiraling higher today without news. I took a 10.5% gain there. I like the concept, but a gain is a gain is a gain.
Moving on, I am now armed with some cash and motivation to find something really good. I have fantastic YTD returns, and overall great mix of trading stocks, wonderful quant portfolio, and disposition to win — because I’m thinking clearly and without distraction.If you enjoy the content at iBankCoin, please follow us on Twitter