Sell Liquidity Solutions (LQDT)
As the market continues to push out expectations for a rate cut (Powell’s comments yesterday make this much more likely), we’re going to lighten up a little more, starting with Liquidity Services (LQDT), which moves to sell today.
There’s nothing wrong with the company specifically. But the stock has begun to lose altitude and just broke below its short-, intermediate- and longer-term moving average lines yesterday (all three were very close to each other).
We’ll absorb about a 10% loss on the position. Not ideal, but also relatively easy to digest, and by taking some risk off the table, we gain a little more flexibility with respect to adding to current positions in the coming days/weeks/months. SELL
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