Yesterday I wrote: "I suspect some hesitation early this week..."
Sure enough... many stocks hesitated and dropped.
Normally, I'd be splitting some of my 5% + positions into two stop loss orders; however, I'm not convinced this move upward will continue... so I'll keep my stop losses tight, following it up. A pullback may result in returning to the purchase prices... at which point I may reconsider a repurchase. This way I can try to maximize my returns.
Well, now for the positions... we've done well in the past week.
October 7th, I chose INFA @ $43.85. I set my stop loss @ $46.74 and it triggered for a 6.6% profit!
October 11th, I chose AAPL @ $392.00. It closed @ $419.99 for a gain of 7.1%. I'm keeping my stop loss @ $407.43.
October 17th, I chose SH @ 43.19. It triggered and closed @ 43.17 for what I'll call even for now. I'm setting my stop loss @ $42.43.
October 18th, I'm choosing GG @ $48.69.
The Overall total return is 74.5% since my first purchase in June.
So far... 16 winners... 6 even... and 18 losers (at approx. -1% each, and one at 0.3%) for a great overall profit.
See you tomorrow!