Unloading

I sold all 113 shares of CMO at $12.54 per share in my Traditional IRA (W) account. This is a good stock, in my opinion. But I bought them at a price that was higher than what I should have. There’s no bad stock, only bad price. I wish I could recall who had said it. It’s so so so so so so True. Cash relieved $1420.08 – Acquisition cost $1401.9 = Profit $18.18. CMO might be on a uptrend, or not, in this bipolar market, it’s time to let CMO go without losing any money.

I sold all 112 shares of O at $40.9 per share in my Traditional IRA (W) account. I bought these shares at a higher price than the price that I would keep them long-term. But I didn’t know if and/or when would the price drop to the price I wanted to keep. So I kept buying as it dropped. People call it catching the falling knife. But the issue is that I have no idea which way the market will swing. If I didn’t buy and it went up, I would have no chance of owning it. I hope as I get more experienced, I’ll avoid catching the falling knife in the future. Cash relieved $4609.35 –  Acquisition cost $4563.16 = Profit $46.19. I was very overweight on O before the selling, now I have 308 shares at a cost basis of $37.91 per share in my Traditional IRA (M) account.

I bought 10 shares of CVX at $113.7 per share in my Traditional IRA (W) account, which I might regret later. 😉

The technical charts don’t look good. I’m trimming to get more cash on hand for better opportunities down the road.


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