Sell Alert: taking two great gains off the table
8th June 2022 |
We brought Equals Group (LSE:EQLS) into our buy list only just 11 months ago.
We did have a long-term view of the stock and we were keen on its moves into the crypto market that could drive that long-term growth.
But in the last year, the company has delivered the kind of performance that we expected long term, in the short term.
The recommendation is now 112.12% up from our original recommendation. That’s handy in 11 months considering the headwinds the market has thrown at investors. While it has not been a smooth ride up, it has still been a hugely profitable one in less than a year.
As such, we think the profits staring us in the face are too good to ignore.
We take a great win off the table and a sizeable profit in a difficult market.
Action to take: sell Equals Group (LSE:EQLS)
Price bought at: $44.05
Current price: $93.44
Gain/loss: 112.12%
One that’s been around a little longer, just over two years now, is Ocean Outdoor (LSE:OOUT). The outdoor advertising company has been at the forefront of innovative digital advertising in outdoor environments.
Considering the difficulties that it has faced during the pandemic and lockdowns, which literally meant there were no eyes on its advertising assets, the company has proven to be incredibly robust.
It’s also sitting on a healthy profit for us at an 89.44% gain. We were hoping the stock would push over the 100% mark, but still, an 89% gain in two years in rocky markets is another win that we think is prudent to take off the table now.
We have two stocks, two winners, and a great time to lock in the gains. Therefore, we also now exit Ocean Outdoor.
Action to take: sell Ocean Outdoor (LSE:OOUT)
Price bought at: $5.40
Current price: $10.23
Gain/loss: 89.44%
Until next time…
Sam Volkering
Editor, Frontier Tech Investor
