Sneaky Falcon Enterprises, LLC has sold 80 shares of Crestwood Equity Partners (Ticker NYSE:CEQP).
For the original recommendation presentation, see: “Greed is Good. Higher Risk = Higher Returns” Presentation.
Holding on to Crestwood Equity Partners for a whopping 7 days to return 55% feels good. It feels damn good.
The 80 shares were sold at a price of $19.36. The sale resulted in $1,549 in cash (after commission). That’s a return of $545. Due to the short holding period, the trade resulted in a 2,890% return when annualized!
Rocketing up on news that it entered into a JV deal with Con Ed, the team promptly took the opportunity to cash out near the top of trading price for the morning, locking in our gains. While the potential of additional upside from the deal exists, we are taking the money and running this time.
Interested in other stocks we’ve bought and sold? Check out our portfolio page.