Last week continued as 2012 started which meant a few more nice profits.
I stumbled upon a few shares which were cheaper then the shares I held so I decided to sell some of my holdings and to buy the new shares. One of the new shares had a nice fall during the week, due to a trading statement which announced delays in fortcoming orders, so I took advantage and bought a few shares in the company.
The other shares are on my watchlist. They are in buy territory but they might fall a little more so I’ll be patient until they do fall more.
I sold some TON for a 34.83% gain in 10.5 weeks and I am now out of CAZA selling my final batch for a 58.72% profit in 4.5 months.
Note that although I often sell shares for good profits within a few weeks it is not my intention to do so. It is usually my intention to purchase for the long term as value could take a long time to show. However because I purchase shares when they are extra-ordinarily cheap they often rise soon after my purchases.
My sole purchase is a stock which is trading at more than a third discount to minimum liquidation value. This stock is what I call a ‘bread & butter stock’ which means that it is the kind of stock I usually invest in. Over time I am expecting a good profit from this stock and it has already been added to the Market-Swings model portfolio which is shown to the Market-Swings newsletter subscribers only.
The new purchase will be discussed in the March edition of the newsletter and subscribers were notified of the portfolio addition as soon as I added the shares.
In closing I am amazed that this stock hasn’t been approached for a take over yet but should it happen then I wouldn’t be surprised. The company is debt free and a third of the market cap is cash.
Happy Investing !