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Taking Profits on a Smokin’ Hot Pot Stock

We’re selling Aurora Cannabis to lock in profits after its unexpectedly strong run-up.
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I (Stephen “Sarge” Guilfoyle) never really expected to be up nearly 40% in Aurora Cannabis (ACBFF) just eight days after buying it at $6.70. The investor inside me sees this and says: “Well, alright!” But the open-outcry trader inside me wants to yell "sold!” -- even before I managed to establish a target price for the name.

You know what? That guy with Badge No. 986 (my old number at the New York Stock Exchange) always kicked tail and made money, so I’m listening to him and selling ACBFF here.

The trade:

-- Sell all 150 shares of ACBFF at or close to $9.20.

This will close out the position at about a 37% profit. We’ll buy it back later at a cheaper price (at least that’s what I expect will happen).

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