Dear Diary,
I sold shares of JAVA for $9.19 a share on June 24, 2009, a 2% gain in a Cash on Sale Arbitrage over a 15 day holding period. While I continue to hold half the position, I needed some cash to live on.
Today, I sold half my GE position for $11.69 a share, a 64% gain from the $7.18 average purchase price at a 70% discount to Net Quick Assets back in the March time frame.
I took the proceeds of GE and reinvested them into BARE, a near Holy Grail situation that only lacks Zero Long term Debt and the ratio of $2 in Total Assets to $1 Shareholder Equity.
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.