Capri CPRI
Taking profits as takeover excitement built. Keeping the trade open.
Thesis
The opportunity I was discussing was a recovery in valuation. By September, the question had shifted to how much takeover excitement the price already reflected.
On September 23, I put it this way: “Taking profit. Stock is trading like M&A is imminent.”
Decisions
I bought through late August and early September as the price fell. I sold into the September rebound, bought some back, then reduced again on September 23.
The case is ongoing. The latest available records show a smaller position still held.
Trade timeline
August 24 to September 2: buys at daily average prices from $13.72 down to $12.75.
September 16 and 17: sales at daily averages of $14.88 and $15.18.
September 18: bought again at an average of $14.69.
September 23: sold at an average of $15.87.
Still open
The remaining position keeps this case open. The next update will follow the trade as it develops.