Hello Friends! Thanks for stopping by. I have been away from my computer and internet connection this past week....I thought I was going into withdrawal! The market has been kind overall to my 'trading portfolio' and Quality Systems (QSII) in particular has been good to me!
Quality Systems (QSII) was acquired on 7/28/03 for a cost basis of $31.00/share for 300 shares. On August 19, 2003, I sold 100 shares at $38.85 for a gain of $786.34. On August 22, 2003, another 50 shares were sold at $41.95 for a gain of $533.62. Today, hitting just about a 90% gain, I sold 30 shares of QSII for $58.88/share. I am leaving 120 shares in the trading account.
What I have done here, is try to sell 1/4 of shares at about a 30% gain (not exactly), another 1/4 at a 60% gain, and a third fourth at about a 90% gain. If the stock continues to appreciate, I anticipate selling an additional 25% of the shares (about 30) if the stock hits a 120% gain! (Wish me luck!)
Anyway, I want to keep updating all of you on what and why I do what I do! Meanwhile, I am at 24 positions again and will need to watch for that 25th!
Thanks again for stopping by and please email me at firstname.lastname@example.org, if you have any questions, comments or words of encouragement!