<< Back to all Blogs
Login or Create your own free blog
Layout:
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.

Posted in IRA, Stocks & DRPs | 4 Comments »

4 Responses to “sold some stock”

  1. Broken Arrow Says:
    August 12th, 2010 at 01:21 pm 1281615716
    1281615716

    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:
    August 12th, 2010 at 08:13 pm 1281640426
    1281640426

    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:
    August 15th, 2010 at 04:48 am 1281844111
    1281844111

    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:
    August 16th, 2010 at 05:51 pm 1281977484
    1281977484

    Nice!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]