Nice News for Radian
Originally published at 9:39 A.M. EDT on Wednesday, June 17, 2015
Radian remains on my Best Ideas List. I added the stock at $12.69 back in November 2013.
I'm Out of BTT
Originally published at 4:19 P.M. EDT on June 15, 2015
In a generally flat bond market, the fund was up more than 2% Monday on more than three times the daily average volume because of the mention. This is a silly and outsized response, and I expect the fund to trend lower in the days ahead when investors get their heads back on.
Accordingly, I have sold out of my BTT holding into the strength today, and I plan to reinvest in one of the other 13 funds I own. I have removed it from my Best Ideas list, as well.