I’ve held MDT for months now and given the market view, it is time to raise cash and take the profit. It’s a massive medical device company and that sector, while weakening lately, is per my previous experience in the real economy, a defensive sector. The problem being that the device sector got all momo’d up by Wall Street’s risk ‘on’ Armanis. MDT is one of the least spectacular and so it is hanging tough as the momo fades. Still, profit is always good (and I’ve got some paper losses printing elsewhere in the overwhelmingly cash-intensive portfolio).
SIMO was bought more recently and as noted in NFTRH this was a speculation on the Ascending Triangle eventually breaking out. Now, it’s never that easy. See that spike down to 48 a couple weeks ago? That happened after I bought it. So for a brief moment it was printing a handy paper loss. Turns out they were just whipsawing and the rest as they say, is history (short history though it’s been). The profit is taken here as well, but SIMO has got a unique fundamental twist that makes it a Semi stock unlike the others. I have some seller’s remorse on this one but I’ll get over it.
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