I will have to pay taxes on my ko gains. However I bought cpq with the money and its done much better, capital wise. And I think cpq is a two to three year hold too. After that, who knows?
If ko does well world wide I'll be back in.
Look at Key Energy also. I agree with you on buying the same stock over and over and selling and buying. When you get to know the pattern of a stock, that is a lucrative way to use it, even if only 100 or 200 shares.
Perhaps thats why a stock with a little bumpiness to its graph (but going steadily up) is more interesting than one with a straight up. I am hoping to do the selling and buying thing with UTI. I had a lot of shares at 26-33, sold at 40 (except for a couple of hundred, just in case) and am hoping to buy some back at 34. "But" is always there however. The stock may have decided to go up without bumps in the road this time!
There are always a few I dont trade at all for several months and maybe years. (ko was like that and now, for me, compaq, dell and nextel.)
The stock market is fascinating. I have gotten less terror and general emotionalism and more enjoyment out of it as I go on. Of course I want to make money but I do expect to, over the next few years.
I bought an apartment house once. Almost lost my complete retirement. And it was horribly agonizing! People can be just awful! The last blow was when someone's check for rent bounced and when I asked for immediate cash he took his car and crashed it through the outer wall!
I gave up and gave the place back to its former owner.(after having my insurance co fix the wall, evicting the family, and paying the $500 deductible.) Nightmare City!
I wasnt half bad as a landlord though, pleasant to the people and made money for two months out of the 4 years!!!!!(The rest of the time I broke even except at the end. I had traded an almost paid off single family house for the apartment though so I lost a bundle.)
The stock market is much better.
Cheers.
:o)
Freeus |
