teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 1:30:58 PM permalink
Quote: Romes

Either way, congrats on the retirement and the nice deal.

Thanks.
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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February 28th, 2017 at 2:11:32 PM permalink
Quote: teliot

That never occurred to me. Do you think Fidelity would do that? I know 20k shares was a lot to sell all at once, I knew going in I would have to offer a really good price on "all or none."

I think GLXZ is a good stock - their portfolio of games just keeps getting better. They just restructured their long-term debt. Their fight over High Card Flush is history (they won).

I held quite a few Casino industry stocks and I decided to sell them all in January. GLXZ was the last one in my portfolio to go. It was not for income in any way.

My strategy 3 days before the inauguration was to sell all of my equities then buy back in two sectors - utilities and defense/aerospace. So far that has been a good choice. I held on to GLXZ and URI. Now I only have URI (bought it at 66, now at 128).

'

They do...then make money on the spread. Did you put in a market sell price or limit order? If you put in a market sell price, you open yourself to being shaved a bit, especially on a low volume stock.

Good job on the move into new sectors. I also wrote a post about getting into defense, finance, and utilities with the Trump Administration. I believe oil will continue to go up too, once Trump goes in and takes back the oil that he keeps saying we deserved from Iraq... and of course Russia is highly dependent on oil income for their economy. So, oil will continue to go up. Oh yea, did I mention Rex Tillerson! Im in UWTI for the oil play.
'Winners hit n run... Losers stick around'
teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 2:15:56 PM permalink
Quote: WatchMeWin

Did you put in a market sell price or limit order? If you put in a market sell price, you open yourself to being shaved a bit, especially on a low volume stock.

Definitely a limit order. I put it in at the "ask" price of 0.59 at market open (which was the same as the "bid" price), but noticed that the "bid" price declined during the day to 0.57, so about every 90 minutes I lowered my "ask" price until it sold (all or none). The final price was 0.56, or about 5% below the "bid" price at the start of the day. I think that's fair given the size of the sale. The close was my price. There were 59,710 shares sold - so I think even posting here may have caused some others to dump.

Quote:

Good job on the move into new sectors. I also wrote a post about getting into defense, finance, and utilities with the Trump Administration.

I didn't do any research on this. It just seemed obvious to me. I also bought a crapload of TIPS.
WatchMeWin
WatchMeWin
Joined: May 20, 2011
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February 28th, 2017 at 2:27:17 PM permalink
Quote: teliot

Definitely a limit order. I put it in at the "bid" price of 0.59 at market open, but noticed that the "bid" price declined during the day to 0.57, so about every 90 minutes I lowered the price until it sold (all or none). The final price was 0.56, or about 5% below the "bid" price at the start of the day. I think that's fair given the size of the sale. The close was my price. There were 59,710 shares sold - so I think even posting here may have caused some others to dump.

I didn't do any research on this. It just seemed obvious to me. I also bought a crapload of TIPS.



OK.. as long as you put in the limit order and dictated what price you wanted or were willing to sell at.

Regarding TIPS, I never traded these but it is a good protection against inflationary periods.
'Winners hit n run... Losers stick around'
teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 2:29:29 PM permalink
Quote: WatchMeWin

OK.. as long as you put in the limit order and dictated what price you wanted or were willing to sell at.

That's a big lesson, but one I learned a long time ago for not very much money.

You should look into tips. The ETF "TIP" is worth consideration.
SM777
SM777
Joined: Apr 8, 2016
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February 28th, 2017 at 2:46:43 PM permalink
I would've held onto this one a bit longer.
teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 3:15:21 PM permalink
Quote: SM777

I would've held onto this one a bit longer.


Seriously, if you're going to say such a thing, you need not only understand my motivation, but also have facts to back up what you're saying. Short of inside information, you don't know anything that I don't know. My personal history with Galaxy dates back to 2003.
SM777
SM777
Joined: Apr 8, 2016
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February 28th, 2017 at 3:20:53 PM permalink
Quote: teliot

Seriously, if you're going to say such a thing, you need not only understand my motivation, but also have facts to back up what you're saying. Short of inside information, you don't know anything that I don't know. My personal history with Galaxy dates back to 2003.



I understand your motivation. Congratulations on retirement. Enjoy yourself.
teliot
teliot
Joined: Oct 19, 2009
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February 28th, 2017 at 3:23:48 PM permalink
Quote: SM777

I understand your motivation. Congratulations on retirement. Enjoy yourself.

you understand what I've told you about my motivation. 😀
SM777
SM777
Joined: Apr 8, 2016
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February 28th, 2017 at 3:25:19 PM permalink
Quote: teliot

you understand what I've told you about my motivation. 😀



Correct. I have nothing else to go off. I don't know you.

Best of luck. Travel the world!

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