While writing my previous post I had decided to sell my Monster Worldwide, Inc. (NYSE:MWW) stock somewhere between $7 and $25 a share - probably closer to $7. Really I was thinking that I'd hold out until it was $10 or so per share.
But then I nearly sold MWW on Thursday at $7.34 a share. It was a confluence of the MWW stock being profitable for me AND of Verizon Communications Inc. (NYSE:VZ) stock being priced very low. The timing didn't quite work out Thursday.
Well, on Friday the 7th, MWW went higher - looks like its intraday high was $7.80 - and Verizon stayed relatively low. I was able to make my trades.
I sold 750 shares of MWW at $7.44 a share. After subtracting fees, etc, that's a gross of $5,569.91.
I purchased 119 shares of Verizon at $46.69 per share. With fees that cost me a total of $5,566.10.
I will write more about my plans for Verizon, but I don't have time right now. My sell order is in for $54.25, but that's subject to change.
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