Fri 24 Aug 2007
Sold 1 lot ACH and 1 lot RIMM
Posted by oneonian under Money Talk
ACH 35 08/15/2007 41.00 1444.99 S 08/24/2007 51.04 1778.05 333
ACH 7 08/06/2007 43.45 306.15 S 08/24/2007 51.04 355.61 49
(333+49)/(306.15+1444.99)= 22% gain.
RIMM 15 08/10/2007 70.5429 1068.13 S 08/24/2007 79.38 1180.69 113
(113)/(1068.13)= 11% gain
I don’t want to sell it, but I got to reduce my margin. This take my marginal down to 15%, I brought too much in margin during last week dip. I need to sell 2 more lot to get out margin. I am going to pour some cash in next month and sell 1 lot of MT in september to get fully out of margin. MT has div pay at 8/31 and going to be listed in another euro index in september, which will create demand. Going to catch that wave before I sell it.
Oh, also I am selling now is to seek cover, since I will be going on a week and half trip.
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