Hello Friends! I am not REALLY convinced over the health of the bull market right now. So with that last purchase I was pushing my margin balance a little....and I WAS a little close to another sell point on Sanderson Farms (SAFM). So a few moments ago, I sold ANOTHER 1/4 position in SAFM. Our goal on a second sale is about a 60% gain. (I had already sold a 1/4 position last month!). To make a long story short, I sold 45 shares of my 180 share position, leaving 135 shares remaining, at $54.89. These 180 shares HAD been purchased on 2/3/04....just about 4 months ago (!) at $35.86. Thus I had a gain of $19.33/share or 53.9%. Pretty close to the 60% mark anyhow. Our next sell point will either be at about the 90% point on the rise...or back around a 30% gain....with our new strategy of allowing a stock to correct only to 50% of the sell point...if you follow me.
Thanks so much for stopping by! If you have any questions or comments, please feel free to email me at email@example.com
P.S. With this sale, you know what THAT means...yikes...I have ANOTHER nickel in my pocket...but will TRY to sit on my hands today...you know UNLESS I see something fabulous (lol), before making another purchase. Read above about MARGIN!