My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 2020 with at least $3 million.


By Topics

Overall:
0. About (10)
1. My Progress (139)
2. Car & Home (107)
3. Credit (138)
4. Banking (33)
5. Saving (49)
6. Investing (308)
7. Taxes (89)
8. Spending (74)
9. Misc (97)
A. Archive (49)



MONTHLY ARCHIVE

Feb 2014 (3)
Jan 2014 (6)
Jan 2012 (1)
Apr 2011 (1)
Mar 2011 (1)
Feb 2011 (1)
Jan 2011 (1)
Dec 2010 (1)
Oct 2010 (1)
Sep 2010 (1)
Aug 2010 (1)
Jul 2010 (1)
Jun 2010 (1)
May 2010 (1)
Apr 2010 (1)
Mar 2010 (6)
Feb 2010 (2)
Jan 2010 (7)
Dec 2009 (3)
Feb 2009 (4)
Jan 2009 (8)
Dec 2008 (1)
Jun 2008 (2)
May 2008 (2)
Apr 2008 (5)
Feb 2008 (3)
Jan 2008 (15)
Dec 2007 (32)
Nov 2007 (6)
Oct 2007 (8)
Sep 2007 (9)
Aug 2007 (24)
Jul 2007 (2)
Jun 2007 (1)
May 2007 (3)
Apr 2007 (4)
Mar 2007 (4)
Feb 2007 (13)
Jan 2007 (6)
Dec 2006 (3)
Nov 2006 (7)
Oct 2006 (7)
Sep 2006 (6)
Aug 2006 (4)
Jul 2006 (10)
Jun 2006 (1)
May 2006 (3)
Apr 2006 (2)
Mar 2006 (6)
Feb 2006 (6)
Jan 2006 (3)
Dec 2005 (1)
Nov 2005 (9)
Oct 2005 (8)
Sep 2005 (13)
Aug 2005 (25)
Jul 2005 (16)
Jun 2005 (17)
May 2005 (19)
Apr 2005 (20)
Mar 2005 (24)
Feb 2005 (23)
Jan 2005 (36)
Dec 2004 (40)
Nov 2004 (34)
Oct 2004 (17)
Sep 2004 (21)
Aug 2004 (59)
Jul 2004 (37)
Jun 2004 (31)
May 2004 (29)
Apr 2004 (52)
Mar 2004 (49)
Feb 2004 (49)
Jan 2004 (31)
Dec 2003 (48)
Nov 2003 (52)
Oct 2003 (29)
Sep 2003 (8)
Aug 2003 (5)
Jul 2003 (2)
Jun 2003 (2)
May 2003 (5)
Apr 2003 (2)
Mar 2003 (2)
Feb 2003 (3)
Jan 2003 (29)



 

TRADE #40 - Sell OCA 500s @ $8.65 in Roth IRA

Contributed by mm | April 6, 2004 10:37 AM PST

To capitalize the multi-week runup of OCA and mitigate my portfolio's significant exposure on a single issue, I sold 500 shares in my Roth IRA account at $8.65 apiece. I still hold 1,000 shares of OCA in my Datek account.

This selling price marks a 29% profit in less than a year (I bought this block of OCA shares back in May 2003 at $6.68.) Also, my remaining OCA shares, purchased at a lower $4.76/share, is sitting on top of 82% profit now, making OCA my most profitable investment so far.

However, it should be noted that this is really a choppy ride: after I made the one-two purchase of 1,500 shares, it climbed to $8 by June, tested $7 by August, barely touched $9 in October and November, went back to below $7 in December but soon returned to $8 in January, only to dropped to almost $6 in March before sporting a nice jump of 40% in the last two weeks.

In retrospect, I feel glad I did the bottom-fishing a year ago. OCA is not fundamentally attractive because of its stagnant growth and receivable worries, but it is no wear to go bankrupt, as suggested by the massive short positions. My fair value estimate for OCA is $9 to $10 and I really do not see much downside moving forward (although not much upside too). For now, I can comfortably hold my remaining 1,000 shares (which will turn into long-term capital gain status within two weeks) and see what will happen next.

More PFBlog Articles You Might Find Interesting ...



Read More ... 308 Posts In The Same Category










This page was last rebuilt at January 27, 2014 07:50 AM PST.
 

RSS FEED





PERSONAL FINANCE BLOGS I READ

Consumerism Commentary
Get Rich Slowly
My Money Blog
All Financial Matters
The Simple Dollar






.

Error 500 - Internal server error

Error 500 - Internal server error

An internal server error has occured!
Please try again later.



Copyright 2003-2014, PFBlog.com. All Rights Reserved. (Privacy Policy)