Home > sold some stock

sold some stock

August 12th, 2010 at 04:39 am

Saving log - $0
Spending log - $1.75 coffee + $2 bottle of vinegar

I "sold" one of my stocks last week and just got the notice that the sale went through. I put sold in quotes because I had only 20 shares ('odd' lot) and it was part of a buy back Dutch auction. The price was going to be at worst $29/share.

The reason I sold was because it, call it company 2, really wasn't a drp - I couldn't reinvest the dividends - and it was hard to buy shares. I got the stock by convoluted means - my bank stock spun company one off which got bought out by company 2.

Since I'm still interested in keeping it in the stock market ... might as well let it ride ... I'll add to my position somewhere else.

Wonder when I get the check.

4 Responses to “sold some stock”

  1. Broken Arrow Says:

    Kind of a bummer if it was sold yesterday....

    But then, I'm glad it wasn't market timing, but rather, streamlining your portfolio to something that works better for you.

  2. baselle Says:

    Actually, not a bummer. The price of the buy back program was set at 29$/share, so its current stock price ($26 or so) doesn't matter. Bummer would have occurred if the stock price soared above $29. Ha ha!

  3. baselle Says:

    Check came today and I decided to buy more OSK stock with the proceeds. Its my hometown-large equipment- patriot play.

  4. Broken Arrow Says:


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