TRADE INSTRUCTIONS

Date: January 30, 2018
Name: McKesson Corp.
Symbol: MCK (NYSE)
Type: Close
Limit: Sell at market              

TRADE RATIONALE

My revised stop price for MCK was hit this morning, so I am closing out this position and booking the nice gain. Stock market sentiment has turned decidedly bearish over the past two days, so even if MCK releases a solid quarterly report later this week that still may not push it higher. I’d also prefer to avoid any forward guidance in that report that may address the company’s potential liability over opioid sales, so let’s take the gain and move on!

Stock market sentiment has turned decidedly bearish over the past two days, so even if MCK releases a solid quarterly report later this week that still may not push it higher. I’d also prefer to avoid any forward guidance in that report that may address the company’s potential liability over opioid sales, so let’s take the gain and move on!