December is the time of year when most of us are winding down our work.
It is also the time of year when often get paid for the work we have done earlier in the year.
Today in HX Trader we are going to cash in TWO very nice profits.
The holiday giving season has come early for our readers!
Here are the positions…
In late September we initiated a position in data storage leader Pure Storage, Inc. (PSTG). The company had sold off on the back of a “noisy” earnings report.
We thought the business was still in great shape and their momentum would continue. That is exactly what happened when they reported earnings last night and the stock is up more than +20% right now.
Our thesis played out and we made some great returns! Let’s book them…
ACTION TO TAKE: Sell shares of Pure Storage, Inc. (NASDAQ: PSTG) for a gain of +30.7% in 70 days or +160% annualized.
Earlier in the month we recommended shares of leadings security software company Okta, Inc. (NASDAQ: OKTA) on almost literally the same thesis.
Great company, great growth and great operating momentum but reported a “noisy” quarter. Shares sold off and we thought their next quarter would be better.
Well – they reported last night along with PSTG and also reported great numbers. Time to take our profits here also.
ACTION TO TAKE: Sell shares of Okta Inc. (NASDAQ: OKTA) for a gain of +13.9% in 91 days or +55% annualized.
