Sell Air Transport Services Group (NSDQ: ATSG) for a 60% Gain
Air Transport Services group is up 60% since my April 2016 recommendation, almost 4 times the S&P 500 return in the same period.
It’s always hard to say goodbye to a good stock. Air Transport, which leases cargo planes to package-delivery customers, has been a fabulous win. The company has delivered on earnings and expanded its relationship with Amazon, the King of E-commerce.
I don’t expect the stock to fall apart but cannot let a 60% gain slip away. Subscribers who wish to ride the stock for further upside can put a stop loss order at $20 on positions.
As always, I’m eager to hear how you’re doing with these trades. Please consider filling out this survey or posting in Stock Talk to let me know how the Air Transport Services Group trade worked for you.
Stock Talk
Charles Pomianek
Anybody have an update on Smart Sand?
Linda McDonough
Hello all,
I do not know why Smart Sand is acting so badly. The group has rolled over a bit with lower oil prices but Smart Sand is acting worse than the others. The company made a presentation on May 18, which looks quite bullish. I have a call into the company to see if I can glean any information from them. My best guess is that perhaps the company is preparing for a secondary offering. After an IPO insiders are prohibited from trading the stock until the “lock up” period expires. This occurred on May 3rd. After earnings on May 11, insiders were free to sell shares but to date there has only been one small transaction. I will keep you up to date. In the meantime, I would use a $10 stop loss on half my position.
Best,
Linda
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