Averaging Down on Valmont (VMI)

Adding to an existing position in our Market Shadows Virtual Value Portfolio

By Dr. Paul Price of Market Shadows

Market Shadows picked up another 15 shares of Valmont Industries this afternoon @ $135.61 per share.

We committed another $2034.15 from our cash reserves to make our VMI position a full 5% of portfolio value allocation. That's our maximum initial allotment. 

VMI quote Oct. 3, 2013

The Virtual Value Portfolio page has been updated to reflect the new purchase.

See full details of all closed-out and open trades here.

Long VMI shares, short VMI puts

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