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Sold All NKE In...

|Includes:Nike Inc. (NKE)

Account IV, today, into the Stifel Nicolaus upgrade (hold to buy with $87 price target). Stock was up about 2% in the AM based on that upgrade. Sold at 72.03 for a 1.5% loss. I light of current market conditions, I decided to take this small hit to protect my other gains this year in this Account. Posner from Stern Agee who is one of the most followed apparel analysts out there, upgraded UA from hold to buy, yesterday, and that was not enough to fend off the current "sell the momo stocks" sentiment. NKE, of course, is much more reasonably priced than UA, but it is still not cheap.

Disclosure: I am long NKE, KALU.

Stocks: NKE