Sell Alert: Myriad Genetics (MYGN)

By Jim Pearce • November 3, 2016

TRADE INSTRUCTIONS

Date: November 3, 2016
Name: Myriad Genetics
Symbol: MYGN
Type: Close
Limit: Sell at market

TRADE RATIONALE

We are closing out our position in medical testing company Myriad Genetics since it closed below its stop loss level of $16.50 yesterday. The company released its Q12017 earnings report earlier this week that reflected weaker earnings and declining revenue that drove its share price down 15% over the past two days.

We never like taking a loss, but we also know that one of the keys to beating the market over the long haul is limiting our losses on trades that don’t work out. We have several other trades that are working in our favor at the moment that will more than offset this small loss, so I’m closing it out.

Sell Myriad Genetics today at market while its getting a “dead cat bounce”, and roll that money into the new buy alert that I will be issuing later today.

Stock Talk

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11/03/16 ‐ 1:33pm ET November 3, 2016 at 1:33pm ET

Jim,
Thanks for the close heads up.

Keith Bland

12/24/16 ‐ 6:58pm ET December 24, 2016 at 6:58pm ET

Hello,
Unless I’m missing something, I noticed you provide specific percentages when money is made off a stock, but I don’t see percentage lost when money is lost. Will you consider adding this information as well?
Thanks,
Keith

Sbless

12/26/16 ‐ 12:50am ET December 26, 2016 at 12:50am ET

Keith,
If you go to the Systematic Wealth website, you can load/view both an OPEN and CLOSED trade spreadsheet. The CLOSED spreadsheet shows both positive and negative returns. The spreadsheets are located under the PORTFOLIOS menu item.

Jim Pearce

12/26/16 ‐ 1:20pm ET December 26, 2016 at 1:20pm ET

http://www.investingdaily.com/systematic-wealth/portfolio/dynamic/closed-trades/

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