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Averaging Down on Deere – Paul Price – Market Shadows

Cyclicals are out of favor right now due to Caterpillar’s recently released downbeat outlook. Big-cap companies tied to worldwide sales have suffered. That  gives us the chance to buy more shares in Deere (DE) at lower than our original cost.

DE tractor

We already own 40 shares so we added just 30 more today @ $82.56 per share to bring Market Shadows to a full-sized position. The $2,477  investment will come from our cash reserves which were bolstered recently by sales of Heidrick & Struggles (HSII),  Life Time Fitness (LTM) and Air Products (APD). All three trades were highly profitable.

DE quote

See details of all current holdings as well as previously closed-out transactions here http://marketshadows.com/virtual-portfolios/virtual-portfolio/

The opinions expressed are those of Market Shadows and the author, not those of the Wall Street Examiner. The Wall Street Examiner provides market commentary content for Market Shadows without compensation at this time but with the expectation of possible future consideration. The Wall Street Examiner does not participate in stock or options selection or strategy recommendations for Market Shadows and makes no representation regarding the accuracy or validity of the ideas expressed in the post. No recommendation or endorsement is intended or implied. This post is presented for informational purposes. Do all necessary due diligence before considering any investment.

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