biaggio Posted August 9, 2011 Posted August 9, 2011 What are you selling? Or doing to raise cash I regret not selling my lower quality stuff, which is going down faster than what I am buying which are the high quality owner managers with cash. Is it too late to sell these lower quality stocks like JOE, SHLD, SMED (all 2% or less of portfolio, so hardly worth it?)..I have held as I don t need to raise cash.
DCG Posted March 13, 2012 Posted March 13, 2012 Sold half my position in USB and BWLD, and sold my full position in DECK. I'm in the highest % of cash I've been in in the last few years. Having a hard time finding things to buy.
rkbabang Posted March 13, 2012 Posted March 13, 2012 Yesterday I sold a few positions, the first time in a while that I've sold anything. I sold my entire position in Fibrek (FBKZF.PK) for $1.25. My cost basis was just over $1. I got tired of waiting for the outcome of the current situation to play itself out and with the worst possible outcome being $1/share and the best (that is on the table already) being under $1.30 I thought $1.25 was a good exit. I also sold a quarter of my position in Red Robin (RRGB) for $35.96. My cost basis is $18. I used the proceeds from both of those sales to buy some BAC and some BAC Jan-2014 calls. --Eric
Rabbitisrich Posted March 13, 2012 Posted March 13, 2012 I don't need to sell anything because I already sold some AIZ at $41, BBCN at $10, WIBC at $4, MHK at $63, all of RLI at $66, and some MTB under $82. Is there a hall of fame for horrible timing?
Liberty Posted March 13, 2012 Posted March 13, 2012 On 3/13/2012 at 8:05 PM, Rabbitisrich said: I don't need to sell anything because I already sold some AIZ at $41, BBCN at $10, WIBC at $4, MHK at $63, all of RLI at $66, and some MTB under $82. Is there a hall of fame for horrible timing? lol. I kind of regret selling my RLI too, but I think that what I bought with the money is probably even better, so I should do well in the end. I still have a lot of love for that company, though, so maybe someday I'll own it again.
BargainValueHunter Posted March 14, 2012 Posted March 14, 2012 I'm selling out of BP, formerly my biggest position. Those 0% credit card advance offers look interesting (4% fee then they jack up your outstanding balance to 18% in July 2013) to buy +4% yielding MLPs or mREITS but that is an impossible game to win.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now