IRBT Stock Transaction
Wednesday August 15, 2007 // Share on Facebook
Finally! This is one that scared me for a while, as I quickly bought into 3 times, but I was able to sell IRBT today at a 33% gain. I still hold my “profit” in 30 shares of IRBT, but used the initial buy-ins to average down my purchase price of NWY and WLT.
NWY has dropped so much since I bought it, but it still looks like a great stock to own. After I averaged down, my target “sell” price is lower than my initial “buy” price! That’s how much I was able to get my average price per share down! Analysts are looking for NWY to go to $13.00 - I’m getting out at $12.07.
WLT’s figures are strong, but I was down about 15%. 15% doesn’t worry me, but I saw this as an opportunity to buy more at a great bargain price. Analyst mean target is 31.75, but the fool.com CAPS figures look promising; I’m hoping to get $32.20 when I sell.
This entry was posted on Wednesday, August 15th, 2007 at 1:01 pm and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Gopinath said...
Hey Eric,
I got to your blog from Techquila Shots. Nice blog. I’ve read most of the recent items and you are in my Google Reader now.
I’m a vivid follower of Motley Fool — Hidden Gems. I’m about 6% down overall in my portfolio with this market tumbling down. Hope to buy more at these prices..
August 16th, 2007