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As I have blogged earlier, I purchased a large position of Silicom (SILC) yesterday and as the stock has moved higher, I have been selling off 'pieces' of this investment and now, with 350 shares remaining, I am leaving it as a new position in my Trading Account.
Earlier today, with 900 shares left of my 2000 share purchase that I picked up yesterday at a cost basis of $13.67, I sold 300 shares at $14.25, and then later in the day sold 250 shares at $14.2101, leaving me the 350 share position which constitutes the new position.
If my SILC shares dip to my 'break-even' point or lower I shall be selling the shares. On the other hand, if the shares appreciate to the 30% appreciation level, I shall be implementing my 1/7th of my position sale as I do with my other holdings.
Even though I was selling shares today and yesterday, this was just part of my 'trade'. I am still upbeat on the stock and
SILICOM (SILC) IS RATED A BUY
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Have a great rest-of-the week, and if you are in the Midwest like I am, drive carefully and stay warm. There is a lot of cold air coming through.