Total Portfolio Return: SG +122.19% US +107.49%  Find out more >>

Awesome!!! 61.49% profit from Bovie Medical Corp. Slightly better than Nevsun.

This is the second stock this year that made me a 61% profit. Bovie Medical Corporation (NYSE Mkt:BVX). Previously it was Nevsun (check out this post). The system gave a buy signal for this stock on 24th Apr 2018 and a position was entered at 3.50. It was held for about 6 months.

The price actually soared to 7.00++ and then it came down recently as the market declines. Today it was sold at 5.65, a whopping 61.49% profit. The only disappointing thing is that it didn't become my multibaggar for the year. It was, for a short moment in September when the price hovered above 7. Anyway with market getting beaten down due to the ongoing trade war and treasury yield spike, I am doubtful I can see a multibaggar this year.

Here is the transaction record.

Company Profile (courtesy of Yahoo Finance)
Sector: Healthcare
Industry: Medical Instruments & Supplies

Bovie Medical Corporation, a medical device company, develops, manufactures, and markets electrosurgical devices and technologies, and related medical products used in doctor's offices, surgery centers, and hospitals worldwide.

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