After tomorrow I will only have 3,000 IDX, I will try to buy back the stock that will be taken away from me at a lower price(hopefully around $8.00). If I can't then I will watch the house's money grow. The 3,000 shares that I am left holding is all profit. After much trading and fun stuff, call writing, straddles here and there, I am in a very nice position. I like the idea of not having my money at risk. This is one of my investing rules that I try hard not to break. When I am up 100% in a stock I sell half and let the rest ride. The strategy has paid off very nicely. The other stocks I hold that are in this category are:
MSFT, DIS, T(includes some LU), INTC, CKFR, GE and CYMI. The issues that I am waiting on for a double are: NN, ADI and SQNT. I have to admit IDX is not in bad company.
I may buy and sell other stocks for short term profit, but the above situations are the ones I fell in love with. There are many losers that never made the above list, I am glad IDX wan't one of them.
Regards and luck to all,
Rob |
