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.
If you have any questions or comments, please feel free to email me at firstname.lastname@example.org
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!
Posted by bobsadviceforstocks at 10:16 AM CDT | Post Comment | Permalink