Money in Motion (MiM)
I have just sold my trading lot in Men's Wearhouse/MW at $54.90, originally recommended and purchased @ $40. (The investment lot, purchased at $34, remains long.) With the proceeds, I swapped into the same share size position of Coach/COH at $32.25.
It is possible that MW continues its run, whereas COH continues its short term pullback. However, I want to lessen portfolio risk via swapping overvalued for undervalued -- based solely on share momentum, not fundamentals, etc.
It is possible that MW continues its run, whereas COH continues its short term pullback. However, I want to lessen portfolio risk via swapping overvalued for undervalued -- based solely on share momentum, not fundamentals, etc.
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