✨ NEW: 3M...UT (3M, 3D) ✨ POSITION TRADE ✨
BLO1 @ 74.34
BLO2 @ 50.99 (Wealth Trade - I may never let this position go)
TP1 @ 112.53 (shave 25% from BLO 1)
TP2 @ 175.83 (shave 25% from BLO 1)
TP3@ 215.82 (shave 25% from BLO 1)
3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Recently, the company has faced a major challenge involving around 260,000 pending lawsuits due to their military earplugs malfunctioning. The outcome of these legal proceedings could greatly impact 3M, either causing severe consequences or presenting a unique investment opportunity.
Our team predicts that despite the uncertainty, institutions will likely intervene and purchase 3M's stock as it returns to its established pattern of gradual and steady growth, also known as the company's intrinsic or true value. However, it is important to acknowledge that the future outcome is still subject to change and could sway in either direction.
Here is my strategy: I plan to sell 25% of my BLO1 holdings at every take profit point, while keeping the remaining amount for a long-term investment. However, I have no plans to sell any of my BLO2 holdings and will be holding them for the long term. This is commonly referred to as the "diamond hand strategy."
Happy Trading‼️
BLO1 @ 74.34
BLO2 @ 50.99 (Wealth Trade - I may never let this position go)
TP1 @ 112.53 (shave 25% from BLO 1)
TP2 @ 175.83 (shave 25% from BLO 1)
TP3@ 215.82 (shave 25% from BLO 1)
3M Co. is a technology company that creates industrial, safety, and consumer products. They operate under different segments such as Safety and Industrial, Transportation and Electronics, Health Care, and Consumer.
Recently, the company has faced a major challenge involving around 260,000 pending lawsuits due to their military earplugs malfunctioning. The outcome of these legal proceedings could greatly impact 3M, either causing severe consequences or presenting a unique investment opportunity.
Our team predicts that despite the uncertainty, institutions will likely intervene and purchase 3M's stock as it returns to its established pattern of gradual and steady growth, also known as the company's intrinsic or true value. However, it is important to acknowledge that the future outcome is still subject to change and could sway in either direction.
Here is my strategy: I plan to sell 25% of my BLO1 holdings at every take profit point, while keeping the remaining amount for a long-term investment. However, I have no plans to sell any of my BLO2 holdings and will be holding them for the long term. This is commonly referred to as the "diamond hand strategy."
Happy Trading‼️