April - May Activity

Welcome back. These last few weeks I have sold a covered call on CAT trying to protect against downside after I picked it up at around 81/share. Turns out all the estimates claiming losses into 2016 didn't matter, shares still gained. I made a minimal amount and left money on the table. Still I went with the lower risk and higher probability scenario. That was the correct risk exposure for me.
I was lucky on KRFT and GE. KRFT and Heinz merged to form a huge food staples conglomerate and my shares took off. GE is selling off their financial arm which was met with a $3/share boost. Just goes to show patience + owning solid companies with wide moats + luck = investing success.
Picked up some CELG on solid growth and buyout rumors.


We are entering May and the 'sell in May and go away' segment of the year, where money will be even more scared than usual. Lots of people with their finger on the sell button. I am thinking stop losses on stocks that are not major income producers.