Hello Friends! Well a good Friday morning to all of you. Kensey Nash Corp (KNSY) has done well for me! This morning, I sold 75 shares of my remaining 300 shares at $36.01/share. This leaves me 225 shares. These 300 shares were purchased 12/3/03 at a cost basis per share of $22.52 for a gain of $13.49/share or 59.9%. (Our target for this second sale was a 60% gain.) I sold my first 100 shares of KNSY on 1/26/04 at $27.53 which was a gain of $5.01 or 22.2%. Thus, I now have a nickel in my pocket waiting to be spent!
We are working our way back to the 25 position plan for the portfolio. After I get there, I will sell portions of stocks at gains and apply to the Margin balance...only buying a new stock when one has been sold at a loss, followed by a gain...do you follow?
Anyhow, have a great day. I will keep you posted. Remember I am an AMATEUR investor...so check things out yourself and consult with your investment advisors before acting on any information on this website! Write me at email@example.com if you have any comments or questions!