Boeing (BA): Profit-Taking

The first trading day of 2023 kicked off with Boeing (BA) popping and hitting my next sell target on Tuesday which filled at $196.86. The sale locked in +28.21% in gains selling some of the shares I bought for $153.55 back on April 27, 2022, and lowered my per-share “cost” -10.54% from -$162.30 to -$179.40 (a negative per-share cost indicates all capital has been removed in addition to $179.40 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is $233.70, just below a past point of resistance and a key Fibonacci Retracement level, and my next buy target is $117.65, a bit above BA’s 2022 low down at $113.02.

BA closed the week at $213.00, up +8.20% from where I took profits Tuesday.

Dow (DOW): Profit-Taking

Chemical-maker, Dow (DOW), saw a pretty significant rally this week despite the selloff in many other sectors, triggering a sell order of mine which filled on Thursday at $52.98. The order sold some more of the dividends I had earned over the years I’ve owned this position, reducing my per-share cost -0.94% from $31.95 to $31.65.

From here, my next sell target is $55.85, just below a past point of resistance, where I will continue reducing my shares until I finally take all of the original capital of this stock I’ve held since 2019. My next buy target is $30.90, above a key point of resistance from when DOW started recovering from its March 2020 lows.

DOW closed the week at $55.02, up +3.85% from where I took profits Thursday.

IDEXX Laboratories (IDXX): Profit-Taking

IDEXX Laboratories (IDXX) rallied significantly into the week’s end with the rest of the market, triggering a sell order of mine on Friday which filled at $446.78. The sale locked in +192.80% in gains selling some shares I purchased for $152.59 back on August 3, 2017, shortly after I initially opened the position, and lowered my per-share cost -$108.70 from -$112.25 to -$220.95 (a negative per-share cost indicates all capital has been removed in addition to $220.95 per share added to the portfolio’s bottom line in addition to each share’s current value).

From here, my next sell target is just under $558.00, a past point of resistance, and my next buy target remains at $322.90, a bit above IDXX’s 2022 lows.

IDXX closed the week at $447.77, up +0.22% from where I took profits Friday.

Logitech (LOGI): Profit-Taking

Logitech (LOGI) popped with the rest of the market on Tuesday, triggering my next sell order which filled at $64.45. The sale locked in +24.18% in gains on shares I bought for $51.90 back on June 13, 2022 and lowered my per-share cost -9.14% from $11.71 to $10.64.

I plan to continue to aggressively reduce my Logitech position as it is one of the longest-running positions that still retains capital in it and has far too much profitability, a combination that goes against my discipline to “not turn winners into losers.” Accordingly, my next sell target is $72.40, below a past point of resistance.

From here, my next buy target is $43.85, above LOGI’s 2022 lows as well as above another key level of support.

LOGI closed the week at $66.00, up +2.40% from where I took profits Wednesday.