We recommend to buy $SAM back at the end of last July. The stock dropped after it’s last quarterly report. The company has a lot of competition as revenue fell and missed expectations. The stock breached its 200 day moving avg intra-day today.
I believe it’s Twisted Tea and Truly Twisted brands will continue to grow and become more and more popular, especially during the summer. We are going to wait on the sidelines until the trend reverses and the market agrees. It’s never fun to sell, but we are going to obey our 18% trailing stop and book a small 1.44% profit.
$SAM will be removed from the Tao Stocker and will reside in our closed book positions.
We may revisit $SAM again soon.
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