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Non-Tech : TCMS - Transcoastal Marine -- Ignore unavailable to you. Want to Upgrade?

To: Evan Dimmer who wrote (82)	4/29/1998 9:13:00 AM
From: 007	Read Replies (1) \| Respond to of 201

Article pointing out the high demand for pipe laying: Message 4249640

To: Evan Dimmer who wrote (82)	4/29/1998 9:33:00 AM
From: Robert Floyd	Respond to of 201

>> 1. not meaning to be picky, i am sure you were just estimating, but how could you bring your average down around 8, when the low is 8 13/16? did you like multiply your position by 10 or so. i mean, if you bought around 15, getting it to ten from buying at 9 or 8 would take an awful lot more shares....... 2. noticed that you sold 33% of your position a while ago, and then 25% more(?) what percent of your original position do you still hold if you don't mind me asking? is that how you lowered you AC so far, by doing FIFO, and keeping the last purchases?<< My average cost is about $8 per share. Basically: I got in at around 11, sold some at 13.5; bought more at around 11 and sold some at 12.5, bought a lot more at 10 and sold some between 11 1/2 and 12 1/2. I ended up holding twice as many shares as my initial purchase, and by subtracting the amount of profit I made on my sales, my average cost of the remaining shares was below $8. But to be honest, the taxman will be taking about a third of that profit, putting my cost at about $8.5. I know that the double-down method has many detractors, but it worked here for me (in spades).