Meridian Bioscience Update

I wanted to update you about my holding in Meridian (VIVO), and my 'trade' that I made going against the tide, buying shares in a company that I truly admire, and a company that has been my best performer long-term.

Sitting with a bunch of margin didn't really make me feel great in contrast to my trading strategy of methodically buying and selling portions of my relatively small positions.  It just isn't me!

So, when Meridian bounced higher on Monday, I sold 1000 shares of my 1500 remaining 'trade' position (out of the original 2000 shares).  Five hundred shares were sold at $25.20, and 500 shares were sold at $26.03.  Recall that these shares were JUST purchased at approximately $23.98 (I had several lots purchased to make the 2,000 share position), this past Thursday!

I still have 500 shares of this trade remaining.  I shall try to be a bit more patient with the stock which, as I wrote this article, was trading at $25.00 - up $1.04 or 4.34% on the day.  It still represents a big 'chunk of change' for me but it is a level I can tolerate for now. 

Trading stocks, as opposed to investing, involves an entirely different set of disciplines, and I do not believe I have those skills, although I continue to work at them, and you have to admit, that so far, this last trade has worked out nicely.

Anyhow, I wanted to keep you all posted.  I am planning to get back to my original 171-share position and then manage it as I have been all along, with the cautious and timely transactions that define my 'strategy.'

Disclosure:  The author owns VIVO.