I purchased 61 shares of 3D Systems Corporation (NYSE:DDD). This is the fourth time I've purchased this stock since I started tracking this portfolio in September 2011.
Historically I have purchased DDD after it's hit a significant high price and then retreated a bit. I then have sold when it has hit that price again.
In the case of this particular equity I do find myself wondering if I should have just held onto my shares. I mean, I purchased 100 shares at $15.50 each back in 2011 and since then the stock has done a 3:2 split and then climbed above $96 a share. It would have been nice to sell 150 shares for $96, grossing $14,400 from an investment of $1,550.
But that's the benefit of hindsight. There's a lot to be said for taking the profit when you're not sure what's going to happen next.
Well, I purchased my latest round of shares at $77.90 and I plan to sell them at the aforementioned price of $96. I'll tell you how it works out.
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