Hello Friends! I am having a hard time finding a NEW stock to write about but see a few of our old names on the list.
HIBB is currently trading at $38.74, up $.09 or 0.23% on the day. A few moments ago, I sold a portion of my HIBB position, 20 shares, at $38.73. These shares were acquired on 3/6/03, at a per share cost basis of $14.57. This represents a gain of $24.16/share (!) or 165.8%. This represents my fifth sale of portions of HIBB. I sold 50 shares on 5/30/03 at price of $28.47, 50 shares on 9/4/03 at price of $25.14, 15 shares on 10/15/03 at price of $26.82, and 25 shares on 10/15/03 at price of $26.82.
HIBB split 3:2 so the sale price has not been adjusted since the split on 7/16/03.
In any case, with this being the fifth sale, I was targeting a gain of 180% and with this close in price, I decided to go ahead and make the sale of a portion of my holdings. Our goal for the next sale would be a gain of 240%. At this rate, I suspect it is reachable.
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