• Mercy Jimenez
    Booked gain on trading bloc of OC @ $27.50 - didn't want to wait for earnings release 8/1.
    7/27/12
    Reply (16)
    • BTD70: Bought the 26ish dip? Nice/congrats.
      7/27/12
    • Mercy Jimenez: I added on the drop to my first lot which helped -- but not worth waiting -- I rarely play earnings on anything.
      7/27/12
    • BTD70: That's very 1980ish of you. I often wonder--does that mean even stocks you like a lot and hold long-term?
      7/27/12
    • Mercy Jimenez: Absolutely, Brian; I often have trading blocs for long term holds (especially if I'm already overweight w/ low cost basis)
      7/27/12
    • Mercy Jimenez: I do it all the time e.g. w/ AT, NOV, SLB, RIO, STO etc.; also Note that I NEVER trade low volume liquidity shares and ...
      7/27/12
    • Mercy Jimenez: I ONLY trade high quality companies I don't mind sitting on if need be -- especially if they have a juicy dividend which pay me to wait!
      7/27/12
    • BTD70: Thanks, Mercy. That's interesting that you sell even those positions you feel are high quality. A strong statement about how erratic...
      7/27/12
    • BTD70: ...share price responds to earnings news. Following for 3rd season now, there appears to be little rhyme or reason.
      7/27/12
    • Mercy Jimenez: Yes I sell quality when 1) I am already overweight w/low cost basis OR 2) when the cost basis of bloc is not the "keeper low basis" I want
      7/27/12
    • Mercy Jimenez: And I hear you, Brian, about little rhyme or reason in earnings releases -- I guess that's what we get w/ BOTs 70% in control!
      7/27/12
    • BTD70: Still learning the game. By the way--what's a "trading bloc"? Shares of same security purchased at different times? You never....
      7/27/12
    • BTD70: ....hold some (like a quarter of the shares or something) in case there are good gains on an earnings beat?
      7/27/12
    • Mercy Jimenez: Sorry, I use the term "trading bloc" 2 mean bloc of shares I have targeted for a short-term trade vs. a bloc I have targeted for L.T. hold..
      7/27/12
    • Mercy Jimenez: Sometimes a bloc I intend for a longer term hold becomes a trading bloc IF I watch a fast and furious share appreciation --
      7/27/12
    • Mercy Jimenez: I grab gains before the profit takers kick in e.g. posted 3 times with Peyto Exploration this buy/sell event when it kept climbing fast 4-7%
      7/27/12
    • Mercy Jimenez: My long-term holds Brian tend 2 be those I acquired w/ low cost basis and are quality high yielders; nice 2 have mo divs 2 supplement trades
      7/27/12