I have an action for you to take today.
Our major zinc and copper miner, Hudbay Minerals (NYSE: HBM), closed at $7.70 per share on Thursday, February 8. That’s below our trailing stop price of $8.04.
Here’s what we’re going to do:
Action to take: Sell your shares of Hudbay Minerals (NYSE: HBM) at the market.
At last glance, the stock was trading at $7.72.
Shares trended lower after Hudbay released news that it expects copper and zinc production to decrease by 15% for 2018.
As you know, we always follow our trailing stops. They are a simple way of preserving our gains and minimizing our losses. We recently tightened up our trailing stop on Hudbay to lock in our gains.
We’ll lock in a gain of around 40% on this position. That’s a fantastic return to make in nine months!
I’m always happy to trade paper gains for actual profits!
I watch our positions regularly, and I’ll reach out to you anytime one of them hits our trailing stop limit.
I’m putting the finishing touches on the latest newsletter today, so you can look forward to getting it in your inbox soon.
If you have any questions or concerns about this alert, don’t hesitate to reach out to email@example.com.
Editor, Real Wealth Strategist