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Fortunately my 'intuition' about the direction of the market this morning was correct and Interactive Intelligence (ININ) has continued to move higher. Again with my significant margin level (lower than it has been though), and my desire to sell my 'excess shares' so that I could leave a position for my Trading Account, I sold 850 of my 1200 shares of ININ. 500 were sold at $16.14 and 350 shares were sold at 16.1901. Thus, the average sale price of these 850 shares was $16.16.
All of these shares were purchased this morning at $15.75, so this represented a gain of $.41/share or 2.6% since purchase. Since there were 850 shares involved, this was a gain on this trade of $348.50 on this transaction.
Regarding the remaining shares, since I like what Interactive Intelligence has reported, these shares will remain in my Trading Account as a new position. On the downside, I plan on selling these shares should they decline to break-even (since I have sold these shares more-or-less once). On the upside, I plan on selling 1/7th of this position should it appreciate to a 30% gain.
Even though I have sold some shares of ININ,
INTERACTIVE INTELLIGENCE (ININ) IS RATED A BUY
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