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Trade Alert: Trimming some 70% gains in PI into the hype

June 16, 2017 by Cody Willard

Amazon’s getting in the grocery business, buying our one-time holding, Whole Foods, WFM. The nearly $14 billion is only 2% of Amazon’s market cap. And the market has so much faith in Jeff Bezos at this point that Amazon went up 3% itself today, making the purchase practically free. Nothing quite like spending $14 billion and instantly creating another $15 billion in valuation for yourself.

The Amazon for Whole Food acquisition also has our RFID play, which might become a real Amazon/Whole Foods supplier, up nearly 15% today and we’re now up 70%ish on our position established back in October (see Trade Alert: The tiniest but biggest revolution ever? and Trade Alert: Nibbling more of this new name).

I’d mentioned last week I was likely to trim some Impinj to lock in some profits and I’m going to go ahead and do so today into the hype. I’m trimming about 20% of my Impinj PI stock.

Rock on.

 

 

 

Related posts:

Trade Alert - Twitter on the long side, and two tranche drone revolution buys
Trade Alert: Updates on China, energy, Twitter, WFM, Google and Iconix
Trade Alert - Earnings recap and adding to Qualcomm
Trade Alert - Tiny toe, Markets movements, Apple action, earnings insights
Trade Alert: Food pain and school gain
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Filed Under: Trade Alert

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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This does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security or cryptocurrency or token any other product or service by Cody Willard or any other third party. Furthermore, nothing in this is intended to provide tax, legal, or investment advice and nothing in this should be construed as a recommendation to buy, sell, or hold any investment or security or cryptocurrency or token or to engage in any investment strategy or transaction. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your business advisor, attorney, or tax and accounting advisor regarding your specific business, legal or tax situation.

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