CLOSED POSITION: Urban Outfitters, Inc. (NASDAQ: URBN)
Sunday, August 12th, 2007Five Percent Stocks announced that Urban Outfitters, Inc. (NASDAQ: URBN) has hit its stop loss price in the Five Percent portfolio. The blog has closed its position in Urban Outfitters, Inc. (NASDAQ: URBN). Ouch, glad I had the tight stop, still getting kicked in the teeth for this portfolio. This one was up over 4% day of purchase, but missed goal by around $.020.
Sell price: $21.92
Days held:3 days
Position opened at: $23.50
Return: -5.1%
Reason closed: Stop loss
Please keep in mind that Five Percent Stocks works strictly to its mission of short-term investments seeking the magic 5% number within 30 days. We have a pre-determined stop loss benchmark noted in the original BUY posting to close immediately any position. Closing the position is not an indication of our view of this stock as a long term investment. To repeat, we are not professional brokers and do not intend for this advice to influence your own investments.