Updated Stops - JCP, UCO, OKS, NUGT

 

We're updating some stops once again on several of our open positions. 

JCP went as much as 24% higher since our late-January entry.  Stop raised from $8.80 to $9.20 on an intra-day basis.

UCO is up 57% since our mid-January entry.  Stop raised from $8.00 to $8.80 on an intra-day basis.  If this is stopped out we'll have plenty more oil exposure left over, mostly bought at or near the lows late last year and earlier this year.

OKS is among that oil exposure and is up 54% including dividend since our mid-January entry.  Stop raised from $26.00 to $31.00 on an intra-day basis.  We'd like to keep the 13.9% dividend coming in for as long as possible, do not wish to be holding too many longs and losing large capital "paper" gains in case of a protracted market drop which is long overdue. 

NUGT is up 394% since our mid-January entry and we're raising the stop on our remaining shares from $62 to $72 on an intra-day basis.


 

 

 

 

 



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