Hello! Just a quick post to update my current trading account. Looking at my holdings and gains/losses, I realized I passed the 120% gain on Cooper (COO), and have sold portions three times. Well it is time for the 4th sale (30, 60, 90, 120% points), so owning now just 75 shares...I sold 15 shares at the market...for $60.67. These shares had been purchased 2/20/03 for $26.98 (!) so had a gain of $33.69/share or 125.7%. Thus, my next sale point will be at a 180% gain...or on the downside, if it slips back to a 60% gain, then should be sold to preserve the remaining profit.
Well then there is the question of WHAT to do now with the proceeds. I used some of the proceeds (and some margin) to pick up 150 shares of Cal-Maine (CALM) which I reviewed last night and impressed me sufficiently to have me buy some shares today! I purchased 150 shares of CALM at $16.11 a few moments ago!
Thanks so much for stopping by. Please remember that I am an AMATEUR investor so PLEASE consult with your professional investment advisor and do your own investigation of all stocks discussed on this blog before taking any action yourself.
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p.s. I now have the CHICKEN (SAFM) and the EGG (CALM)...and the chicken came first! Also, am up to 24 positions, with my goal of 25!