Some notes related to General Mills (GIS)
1 – November – 2019
Positive things found
- Strong hand buying (Konkorde indicator)
- Cheap by fundamentals PE=16
- Stable volatility.
Negative things found
- Cyclical consumer business, now on the low side of cycle.
- Buy at 51,25$ (Done)
- Take a look on the channel
- Sell on 54$
15 – November – 2019
I have sold it at 52,36$. Why? because the McClellan indicator and the AD line was telling me that a bearish market was coming and I made the short decision.
Bad move. Why? Because I had a clear plan and I have changed it. I should have waited till the value evolved some weeks more as it was expected.