Well folks...I am the proud owner of a pretty nice tax bill
I lightened up on half my original core position here. Gives me about a $102 net gain on the position on just over a year and a few days... I am glad to pay the 15% over the short term gain rates...massive difference. I still have half the original position...and plan to sell off another 25% of the position in the next few days...or even maybe today...
Just needed more breathing room as the position was representing much too much of a percentage of overall holdings...not good risk management.
I also caught a point on that MOS trade at R2 and sold POT for 1.5...
I am going to rest a bit...see where the day goes...root for MOSISUP a little...wish he were more on the long side.
If by some good fortune..we get $133 I will exit the next 25% of MOS...or if we stop back at $130
Congratulations MCannon. Thanks for all your informative posts. I over doubled my origional purchase last Jan., of 20.50, at the last drop to 115 and 118. Will trade around those shares. Go MOS, AH looks good.
Congrats! Good sound thinking. If and when my bankroll starts to recover I will be in more long positions. I'm just trying to dig out of a huge hole. I'll gladly relinquish the morning in hopes of a repeatable afternoon.