I sold HollyFrontier Corp, and Why?
As I am a Young Investor, I do not have the Perk of having a Ton of Free Cash available to pump into the Market.
With this being said, when making a purchase I have a set goal of how much of a return I am looking for, and when it is hit I sell.
My First Purchase of HFC was back on 10/19/2011 of where I bought 10 @ around $34.24 for a cost basis of $342.55
My next Purchase was on 11/18/2011 where I added another 15 @ around $24.17 for a cost basis of $362.55
I sold out of all shares today at $44.55.
My Gains were $103.55 or 30.24% and $306.45 or 84.53%.
During this same period including the coming $0.50 special payable on November 30th will total $87.50.
This would total for a combined $495.75 in total gains.
So for a cost out of Pocket of $705.10 including Transaction fees, I sold out in just over 1 Years time for $1200.85 or a return of just over 70%
Thoughts and Opinons Please!