Dear Diary,
I just sold out my MNTX position for $1.95 a share, based on Working Capital of $1.97 a share. This represents a 160% gain over a holding period of just under four (4) months.
I reinvested the proceeds into ETFC at $1.43 a share, bringing down my average purchase price from $2.45 a share to $1.64 a share. This position is to be sold at Working Capital of $19.48 a share. All trades do not include minimal brokerage fees.
My overall investment activities are down only 1% since the crash of 2008-09 with multiple prospects for 100% gains or better in the coming months.
Gene
Friday, August 21, 2009
Monday, August 10, 2009
Buying Buckle, Inc.
Dear Diary,
I just sold out my minor CTDB position at $0.061 a share (buy was $0.135) and my HLYS position at $2.05 (buy was $2.16) in order to take a substantial position in Buckle, Inc., a pure Holy Grail.
BKE has a projected p/e ratio of 10, and so I bought at $27.23 with a widening Net Profit Margin.
All trades do not include a minimal brokerage fee.
My overall investment activities are now down only 3% from my original investments began before the crash of 2008-09.
Gene
I just sold out my minor CTDB position at $0.061 a share (buy was $0.135) and my HLYS position at $2.05 (buy was $2.16) in order to take a substantial position in Buckle, Inc., a pure Holy Grail.
BKE has a projected p/e ratio of 10, and so I bought at $27.23 with a widening Net Profit Margin.
All trades do not include a minimal brokerage fee.
My overall investment activities are now down only 3% from my original investments began before the crash of 2008-09.
Gene
Monday, July 27, 2009
Sold ROX
Dear Diary,
The best presentation I had for ROX in "Value Line" was that ROX had Working Capital of $1.19 a share in 2007. This past week, the new "Value Line" listed it to have $0.16 a share for 2008, so I' sold out at $0.2233 a share just now, a razor thin profit from the $0.22 a share original purchase price.
Conclusions: 1) Buying at a 70% discount to Working Capital protects the investor from loss. 2) The investor should stay away from stocks that do not have current information, it seems.
Gene
The best presentation I had for ROX in "Value Line" was that ROX had Working Capital of $1.19 a share in 2007. This past week, the new "Value Line" listed it to have $0.16 a share for 2008, so I' sold out at $0.2233 a share just now, a razor thin profit from the $0.22 a share original purchase price.
Conclusions: 1) Buying at a 70% discount to Working Capital protects the investor from loss. 2) The investor should stay away from stocks that do not have current information, it seems.
Gene
Friday, July 24, 2009
Sold JAVA
Dear Diary,
I just sold out my JAVA Cash on Sale Arbitrage position to get some cash for personal expenses. The sale price was $9.21 a share, a slight profit from my buy price and only $0.29 a share below the expected closing price on August 6, 2009.
Gene
I just sold out my JAVA Cash on Sale Arbitrage position to get some cash for personal expenses. The sale price was $9.21 a share, a slight profit from my buy price and only $0.29 a share below the expected closing price on August 6, 2009.
Gene
Monday, July 20, 2009
Updated Activity
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
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
Friday, June 5, 2009
Recent Deals
Dear Diary,
I've been working a new job recently, and it's keeping my full focus.
I sold HRB on May 22, 2009 for $13.98 a share, a loss from the $15.85 a share purchase price on April 21, 2009, due to a projected narrowing in the Net Profit Margin in the "Value Line" presentation. The loss was minimal and is balanced out with gains in MDT.
PDCO was sold on May 30, 2009 for $20.68 a share, based on the same narrowing of the Net Profit Margin. The average purchase price had been $19.24 a share, making a slight gain on the deal.
SYK was also sold on May 30, 2009 on the same basis for $38.95 a share. Purchase had been for $33.22 a share, another slight gain.
Note how Holy Grail protects the investor from substantial loss, while making money more often than not.
On the Cash on Sale Arbitrage front, I took a substantial position in JAVA, due to be sold for all cash to ORCL on August 6, 2009. I bought in for $9.0477 a share and will let the deal close naturally at $9.50 a share, a 25% annualized gain.
Gene
I've been working a new job recently, and it's keeping my full focus.
I sold HRB on May 22, 2009 for $13.98 a share, a loss from the $15.85 a share purchase price on April 21, 2009, due to a projected narrowing in the Net Profit Margin in the "Value Line" presentation. The loss was minimal and is balanced out with gains in MDT.
PDCO was sold on May 30, 2009 for $20.68 a share, based on the same narrowing of the Net Profit Margin. The average purchase price had been $19.24 a share, making a slight gain on the deal.
SYK was also sold on May 30, 2009 on the same basis for $38.95 a share. Purchase had been for $33.22 a share, another slight gain.
Note how Holy Grail protects the investor from substantial loss, while making money more often than not.
On the Cash on Sale Arbitrage front, I took a substantial position in JAVA, due to be sold for all cash to ORCL on August 6, 2009. I bought in for $9.0477 a share and will let the deal close naturally at $9.50 a share, a 25% annualized gain.
Gene
Tuesday, May 12, 2009
Sold COH and HANS
Dear Diary,
I just sold all but one share of Coach (COH) at $23.99 a share, based on a Narrowing Net Profit Margin and project earnings for 2009 of $1.89 a share.
I sold out all but one share of Hansen Naturals for $43.86, based on the Holy Grail approach, as the stock now trades at 20 times projected earnings per share with a widening Net Profit Margin. My original purchase price was $35.97, far above what I should have paid last year, but the concept works out the same, just with less profit.
Gene
I just sold all but one share of Coach (COH) at $23.99 a share, based on a Narrowing Net Profit Margin and project earnings for 2009 of $1.89 a share.
I sold out all but one share of Hansen Naturals for $43.86, based on the Holy Grail approach, as the stock now trades at 20 times projected earnings per share with a widening Net Profit Margin. My original purchase price was $35.97, far above what I should have paid last year, but the concept works out the same, just with less profit.
Gene
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