Hello Friends! I just wanted to update you on a trade I just executed in my Current Trading Portfolio. A few moments ago, I sold 55 shares of my 255 shares of Cantel Medical (CMN)at $25.91. This was my third sale and thus, my goal was a 90% gain. These shares were purchased 6/4/04 at a cost basis of $13.36. Thus, my gain worked out to $12.55/share or 94%. On July 8, 2004, I sold 75 shares at $25.20 (prior to the split) which had a cost basis of $20.03 (again pre-split) for a 25.8% gain (fist sell point about 30%), and then on 12/20/04, I sold 55 shares at $33.60 (pre-split), which had a basis of $20.03 (again pre-split) for a gain of $13.57/share or 67.7%. (60% is the second sell-point in my strategy).
Thanks so much for stopping by! And you know what a sale at a gain means?! I have that nickel in my pocket again and I am on the lookout for a new position (as long as I am not at my 25 position goal!)
As always, remember I am an amateur investor so please consult with your professional investment advisors! Have a great Thursday everyone!