February 26, 2019

Reducing positions in Goldman Sachs and Facebook

With the market trending higher since December 2018, Doug Kass is reducing some of his stake in 2 companies. 



As reward to the upside v. downside risk has changed after meaningful price gains in the last 2-3 months. I have reduced from very large to medium-sized two of my favorite long investments - Goldman Sachs and Facebook.

$FB was purchased and placed on my Best Ideas List at $137.59 in late November at $137.59 (it's now $164).

$GS was bought and put on my Best Ideas List in mid-December at $169.95 (it's now at $201).



via twitter

ShareThis