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Thursday, 8 July 2004
"Trading Transparency" CMN

Hello Friends! Well the market is struggling back from an earlier pull-back and my Cantel Stock (CMN) is continuing to charge ahead. Checking the trading account, I realized that CMN was getting close to its first sell point for a gain (and that Cal-Maine was trying to avoid a TOTAL sale at an 8% loss), so a few moments ago, I sold 75 shares of CMN at $25.31. I had purchased 300 shares on 6/4/04 at a cost of $20.04, so that was a gain of $5.27/share or 26.3%, a little shy of my 30% gain goal, but with the margin pushing ahead, well it seemed wise to take the first profit. Next sale point will be either 60% on the upside or break-even on a pull-back.

Watching CALM closely, thanks for stopping by, and please remember I am an AMATEUR investor, so please do your own investigation on all stocks discussed on this blog and PLEASE consult with your professional investment advisors!

If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com

Bob


Posted by bobsadviceforstocks at 10:24 AM CDT | Post Comment | Permalink

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