|Day Low/High||9.84 / 10.70|
|52 Wk Low/High||6.17 / 12.04|
We made several trades last week, as all the major stock market indices posted gains.
We saw some meaningful swings, both positive and negative, in several portfolio positions last week.
We trimmed our holdings in 2 positions and added to another last week as the Russell 2000 took a hit.
We made several trades last week as all the major domestic stock market indices moved lower for the five days.
In trading on Wednesday, shares of Energy Recovery Inc crossed below their 200 day moving average of $8.94, changing hands as low as $8.86 per share. Energy Recovery Inc shares are currently trading down about 8.6% on the day.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.
Our portfolio fell along with the broader market (especially small-caps), but there were some bright spots as well.
While the portfolio experienced some pain last week along with the broader market, 12 of our holdings beat the Russell 2000 either on an absolute or relative basis.
Breaking down the latest quarterly results from portfolio holding Energy Recovery.
We exited a position last week for a nice gain as the market continued to rise.
As the momentum of earnings season rose last week, we made several trades including initiating a new position in Innovative Solutions and Support.
Several news items impact our thinking on how to proceed with Aurora Cannabis and Energy Recovery.
We will take advantage of victories in Aurora Cannabis and Energy Recovery.
We added to one position last week as as the small-cap heavy Russell 2000 dipped.
We added to one position and initiated another during a shortened holiday week.
We initiated a new position and added to a couple of others as we closed the books on the second quarter.
Last week we started two new positions, trimmed a winner and exited another name as the markets moved higher across the board.
With the market rising last week, we saw favorable action in several of our holdings and booked some hefty gains in one name.
With the market rebounding, the majority of our positions rose week over week.
During the week, we exited our position in KushCo Holdings and initiated Antares Pharma.
Several positive moves along with our cash position helped insulate the overall portfolio’s performance from last week's market decline.
Amid renewed trade and geopolitical tensions, we trimmed our position in Energy Recovery and added a short-term trade in J.C. Penney.
Energy Recovery has stabilized above our target, warranting some action. Plus, Aurora Cannabis reports earnings.
We took some nice profits trimming a position, exited a name and added to another holding during a challenging week for stocks.
We added to three positions and pulled the plug on another during a solid week for small-cap stocks.
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Investors in Energy Recovery Inc saw new options begin trading this week, for the November 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 193 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
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