Sold 17k shares yesterday. at an average around 30.647....
I have now 3k shares left. Valuation seems very high and considering my average at 15.5, I think it is time to sell PFE.*will sell my remaining 3k shares at over 31 if I can?
I believe the DOW is too high and it will correct again within the next 3 months or so and probably PFE with it.
This money will never been invested in the market again unless a substantial correction.
I cannot believe my eyes when I see the DOW so high based on so little????
It has been one of the BEST investment I ever made in stock getting around 4% dividend and double my capital invested. Thank you PFE thank you...
Bigblue, you have done very well. Assuming you are not just another yahoo liar but if you are indeed in the green +100%, why do you feel the need to share these personal figures. It seems extremely arrogant and to put it mildly like you are gloating. Consider sharing your riches with those less fortunate. You will feel great and you may understand what I am saying. Paper will always be paper but heart is hard to earn! GL
Finally decided to sell out my 3k shares remaining on Friday after getting more and more certain that the Dow rally cannot be sustained and a correction around 5% to 20% should be possible soon.
The World economy and US economy do not justify this total actual exuberance of the market again and many will have to pay the price sooner or later.
I sold my 3,000 shares at a price of 30.658 minus commission. Initial average was around 15.5.
Making a cash of over 613K with a profit of over 300K!!! and not counting the 4% dividend.
I am putting already 30% of this gain in a special account for tax purpose...My next move now will be to sell my GE shares *about 14k shares at under 12 average and few others planning for my retirement in cash only *beside my trading account at around 150k*
THANK YOU PFE THANK YOU!!!!!!!! I wish to the ones who bought my shares last week to make another double like me. Be careful so!