Quick update:
On Monday the 12th I sold my 255 shares of E.W. Scripps Company (NYSE:SSP) at $19.91 per share.
I did this so that I could finance the purchase of 25 shares of Tesla Motors Inc (NASDAQ:TSLA) at $181 per share.
With a week-and-a-half of hindsight, those both appear to have been good decisions.
Today I sold my 120 shares of Verizon Communications Inc. (NYSE:VZ) at $49.18 per share.
I used some of the proceeds to purchase more shares of USA Technologies, Inc. (NASDAQ:USAT). I bought 1,140 more shares at $1.76 each. I now have a total of 3,140 shares with an average purchase price of $1.93 each.
I've used some more of the proceeds from the Verizon sale to buy 5,710 shares of BAB, Inc. (OTCMKTS:BABB) at $0.76 each.
One of these days when I make the time I'll sit down and go over my holdings: What I have, why I have it, and when I expect to sell it. Not today, though.
09 April 2014
Sold JBL. Consolidating.
On Friday the 4th of April I sold 120.471 shares of Jabil Circuit, Inc. (NYSE:JBL).
It was having a good day, and it seemed like a good time to sell. I was right. I sold for $18.75 a share and it hasn't seen that level since.
And then I turned around and purchased more shares in E.W. Scripps Company (NYSE:SSP). That was a mistake.
It wasn't a mistake to buy more shares in Scripps, I think, but in hindsight it was a mistake to buy them when I did. I purchased 120 shares for $17.12 each. Had I waited until yesterday then I could have purchased Scripps at $16 a share. I could have purchased 8 additional shares at that price.
I purchased 135 shares of Scripps back in January for $18.12 each. I planned to sell for $21.50 or more, but I didn't plan to sell until election season in November. That's when Scripps will be making some money from political ads.
For this reason I did not already have sell order in place when Scripps inexplicably shot over $22 a share on the 4th of March. Had I sold I would have made over 20% for an investment of roughly 1.5 months.
Scripps has been declining, and so I decided to double down. I need to work on my timing, though.
My sell order is in. I'm hoping to sell at $22.37 within seven months. I figure the stock will shoot up sometime between now and election season. The average price I paid for my shares is $17.65, so I stand to make over 25%.
I'll let you know how it goes.
It was having a good day, and it seemed like a good time to sell. I was right. I sold for $18.75 a share and it hasn't seen that level since.
And then I turned around and purchased more shares in E.W. Scripps Company (NYSE:SSP). That was a mistake.
It wasn't a mistake to buy more shares in Scripps, I think, but in hindsight it was a mistake to buy them when I did. I purchased 120 shares for $17.12 each. Had I waited until yesterday then I could have purchased Scripps at $16 a share. I could have purchased 8 additional shares at that price.
I purchased 135 shares of Scripps back in January for $18.12 each. I planned to sell for $21.50 or more, but I didn't plan to sell until election season in November. That's when Scripps will be making some money from political ads.
For this reason I did not already have sell order in place when Scripps inexplicably shot over $22 a share on the 4th of March. Had I sold I would have made over 20% for an investment of roughly 1.5 months.
Scripps has been declining, and so I decided to double down. I need to work on my timing, though.
My sell order is in. I'm hoping to sell at $22.37 within seven months. I figure the stock will shoot up sometime between now and election season. The average price I paid for my shares is $17.65, so I stand to make over 25%.
I'll let you know how it goes.
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