I got excited on Thursday afternoon and saw my newly bought shares of GSY moving up another 5%. I love the fundamentals of this company and I believe it has a lot of room to go higher especially with interest rates rising. They will expand margins and make more profits on the bottom line when rates rise again in October as predicted by most analysts. Here is the full trade results;
7 August - BUY 85 shares of GSY.TO @ $49.14 + $9.99 = $4186.89
9 August - SELL ALL GSY @ $52.00 - $9.99 = 4410.01
TOTAL PROFIT = $4410.01-$4186.89 = $223.12
I booked profits @ $52 and believe it or not, I caught the high of the day. Why sell so early? The stock gapped up so quickly after earnings were released and then displayed exhaustion near the top of the move. It may move down Friday and then resume it's rise. I don't know. I just wanted to hit a small single and book my profits early. This is the second time this year I have bought and sold GSY. Here is what I made previously on GSY. This stock has been very good to me.
24 August 2016 BUY 200 shares of GSY @ $20.75 + $9.99 = $4186.89
10 April 2018 SELL ALL GSY @ $35.01 + $9.99 = $6,992.01
TOTAL PROFIT = $6,992.01 - 4186.89 = $2,806.01
GSY Dividends Collected
14 October 2016 - $25.00
13 January 2017 - $25.00
13 April 2017 - $36.00
14 July 2017 - $36.00
13 October 2017 - $36.00
12 January 2018 - $36.00
13 April 2018 - $45.00
TOTAL DIVIDENDS COLLECTED = $239.00
TOTAL GSY PROFITS = $223.12 + $239 + $2806.01 = $3268.13
As you can see GSY has made me some good money since I first bought it. The reason I sold it earlier when I did was because I needed the money.
Everyone sells stocks for many different reasons. This is what makes a market.
Who knows I may buy this stock again as a short term trading position.
Here is what I wrote on 12 April of this year about GSY.TO
Here is what I wrote on 12 April of this year about GSY.TO
I NEVER USE MY RETIREMENT MONEY TO TRADE IN AND OUT OF
STOCKS!
You can look at our retirement holdings here.
If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.
If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. Both of these books written for Canadians by Canadians.
Do You Own GoEasy Financial?
If you are looking at ways to save money this new book The Cashflow Cookbook can help you find some savings to then use to invest.
If you are having trouble getting your financial house in order and organized then you need to read Worry Free Money. Both of these books written for Canadians by Canadians.
Do You Own GoEasy Financial?
No comments:
Post a Comment