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Monday, 20 December 2004
"Trading Transparency" Cantel (CMN)

Hello Friends! This is a quick post to let you know that I hit a sale point on Cantel (CMN) on the upside. A few moments ago, I sold 55 shares, representing approximately 1/4 of my 225 shares of Cantel as it hit a 60% gain. The 55 shares were sold at $33.75. I have a cost basis of $20.04, and thus had a gain of $13.71 or 68.4%. These shares were acquired on 6/4/04, and thus I have owned them just over six months.

I sold my first shares (of my 300 shares originally purchased); 75 shares were sold 7/8/04 at a price of $25.20, for a gain of $5.16 or 25.7% (a little shy of the 30% gain!). Cantel recently announced a 3:2 stock split, but I am not sure what is driving the stock higher today as it is up $2.64 or 8.47% on the day enabling me to sell a portion of my holdings.

My favorite part of this is that I can now look around to purchase a new position! I don't have to sit on my hands at the moment...and I shall let you know if I find anything suitable to buy for my account!

Bob

P.S. Sorry about not getting that "Weekend Review" out...will address that soon hopefully!


Posted by bobsadviceforstocks at 2:25 PM CST | Post Comment | Permalink

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