I Hope You All Enjoyed Thanksgiving – Sold RGR

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.

Previous Posts by Mr. Cain Thaler

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