While you were all comfortably stuffed, still sleeping in this morning, I awoke bright and early and tip toed softly to the landing and made my way winding up the stairs. At the top, I gently creaked open the door to the 9th floor office and passed inside to get some tasks done before the sun rose.
As the market bells rang, I waited patiently for the pricing I needed. And surely, a low volume morning surge grabbed RGR, sending it higher. I finally sold out at $54.70.
Not a bad 11% gain, for 5 days worth of holding.
I would normally have loved to wait into December for the special dividend to be issued – an extra $4.50 a share would have catapulted my gains to 20% – but why bother? When the market is so accommodating on price right now and the exercise date is so far away, I’ll just take my $4.50 now, plus extra.
I hope you all had wonderful holidays. Enjoy the leftover bird.
4 Responses to I Hope You All Enjoyed Thanksgiving – Sold RGR
Not bad? Excellent. That was a no mercy move. Well played.
when u get a dividend the stock value is down by the amount they paid so u couldnt be 20% + exactly as u say =]
Sure I can. It involves me pawning the stock off on someone who doesn’t understand that…