Went to the Store to Buy a Starter Position and This is What Happened…

I put my toes in the water last week during the market’s reversal higher, via taking a series of “starter” positions in several longs. Inside the 12631 Trading Service, one of those longs was Monster Beverage. Today, the stock just now shot up over 25% (where we locked in some gains before they halted the stock) on rumors of a buyout from KO. I still have 2% of my portfolio in the stock, pending the halt.

While I would have loved, in hindsight, to be in the stock all-in on margin, in real-time we got in the stock in 12631. Not bad for an overall down day in the market. Come check us out inside the room. There is honestly nothing more rewarding for @RaginCajun or myself about running the trading service than seeing our members succeed.

I am curious to see what happens after the halt, but I have a hard time seeing how it could be really bad news at this point.

Here is the timestamped buy (please ignore the coding).

chessNwine

New Long: $MNST 1/2 position (4% of portfolio) @ $65.04. Stop-loss: Below $63. With market breaking above 1392 on S&P I am putting out some “tester” longs. Will add on more strength. Good chart of a strong stock.

01:33:57pm EST on Thu, Apr 26, 2012