lemoneater (84.42)

lemoneater's CAPS Blog

Sold some TTM and bought IMKTA yesterday

Recs

5

Report

March 02, 2011 – Comments (4) | RELATED TICKERS: TTM , IMKTA

I'm a buy and hold investor who trades so infrequently that it is a commemorative event.

Yesterday I decided to take a profit with Tata Motors which I got @ 10.18 a share and sold @ 25.60. I like volatile foreign stocks, but every now and then I sell some if the stock has doubled and replace it with a more stable dividend pick. I know that my free cash tends to go to volatile stocks so I need discipline to buy more stable but less exciting picks. Tata sold so quickly that I know someone was just waiting to buy:) Since I kept some I won't feel bad if it jumps again.

Ingles has a great dividend and will doubtless be less exciting than Tata. Since I shop at that grocery store every week, I might as well have some ownership in the company.

4 Comments – Post Your Own

#1) On March 02, 2011 at 12:22 PM, EnigmaDude (97.64) wrote:

Too bad you did not sell back in December when Tata was selling for upwards of $37. Of course, hindsight is 20/20.

I recently did the same thing with Imax. I sold my shares for roughly 100% profit and bought Intel. I think both Tata and Imax will go up from here, but I totally understand your desire for more stable, dividend paying stocks.

Report this comment

#2) On March 02, 2011 at 1:58 PM, lemoneater (84.42) wrote:

Selling is a much harder decision for me than buying. Also for tax purposes I needed to keep my realized profits down last year. I rarely sell a stock unless it goes so low that it frightens me like BAC did or I can think of another stock I'd rather have. Knowing when to sell is a skill I'm gradually developing.

Glad you got a profit with IMAX. Hope that Intel does well for you. Have a good day!

Report this comment

#3) On March 02, 2011 at 4:29 PM, catoismymotor (78.40) wrote:

Tata I think will keep rolling (ha-ha!), adding up to strong gains in the future. Of the 1.3 billion people in India only very few have automobiles. They will do well as the Indian economy grows over the next three decades.

Report this comment

#4) On March 03, 2011 at 8:02 AM, lemoneater (84.42) wrote:

@ #3 Thanks, Cato, I will keep the 25 shares of TTM I still have for a while yet.

Your stock suggestions to me have been very good. IPHS and PANL are both doing extremely well.

Hope that you are having a good year with photography, your wife's business, watching your son gain new skills, etc. Spring seems to be here already, but you never know, we could still get some more snow! I get off early today so I'm looking forward to taking a long walk just to admire the trees and look at the early spring flowers.

Report this comment