| Homepage / Portfolio / Special Reports Trade Alert: Book Big Profits in MPWR I mentioned in the new October issue yesterday that we might take profits soon to continue positioning ourselves for what I expect will be a big end to 2024. After spending some time today analyzing the market and our stocks, I want us to go ahead and make our first move now.
We're going to ring the register and celebrate big-time with Monolithic Power Systems (MPWR), which has been a fantastic stock for us. We're up more than 85% in in the 13 months we've held it.
MPWR remains a great company, and that's something to keep in mind. It's always possible to get back in down the road for the next run higher. The company is a leader in power management computer chips, an area that should remain strong long into the future.
For now, however, the smart move is to bank these big gains and be ready to put that money back to work. MPWR got thumped pretty hard in early September selling but has rebounded to all-time highs around $950. I always prefer to sell into strength, and that's what we have here.
At the same time, October is a volatile month for stocks – and that can be especially true in election years. What's more, the first part of October is demonstrably the weakest. We can put these juicy profits out of volatility's reach by locking them in now.
Sell MPWR and enjoy the gains. Maybe celebrate a little over the weekend.
If you're looking to get those proceeds back to work right away, you can look to The Trade Desk (TTD) that we just added in yesterday's issue, if you didn't buy it today. And I assure you we will be adding more great companies in the coming weeks and months to make the most of what's coming.
Have a great weekend!
Talk soon,   Jason Bodner
Editor, TradeSmith Investment Report | 
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