|Day Low/High||7.24 / 7.45|
|52 Wk Low/High||1.90 / 3.92|
Investors considering a purchase of AXT Inc stock, but cautious about paying the going market price of $6.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the February 2018 put at the $5 strike, which has a bid at the time of this writing of 35 cents.
We added a name to the portfolio's Bullpen as a whirlwind quarter came to an end.
We exited 2 positions and took some profits during a busy week for the portfolio.
We initiated a new position and made several other trades during a week of twists and turns.
We initiated 2 new positions in a week dominated by political events.
In recent trading, shares of AXT Inc have crossed above the average analyst 12-month target price of $7.55, changing hands for $7.60/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
It is clear that tax policy isn't going to be solidified in a couple of weeks.
Finding new buys becomes more difficult, and knowing when to lock in gains isn't easy, either.
You can feel the misery of those who are struggling with feelings of being left behind.
My tracking portfolio is flat for the year to date, though there have been wildly divergent performances by the constituent stocks.
This morning the most notable aspect of the action is the complete failure to bounce so far.
Uranium producers are catching a bullish wave, as is big-cap technology.
Find a strong sector, then look for attractive stocks within it.
An eclectic mix of 20 companies made my cut of stocks trading at 1x to 2x net current asset value.
The Dow Jones Industrial Average scores new record as bank stocks offset the selloff in the technology sector.