Free Stock of the Day: ADY
Thursday October 11, 2007 // Share on Facebook
In accordance with my investing strategy, I sold ADY today for a 35.28% gain. I bought ADY on July 20th. Of course, I only sold my initial investment, and kept 10 shares as my “profit”.
ADY is a milk company based in China. Even though more than 90% of Chinese adults have lactose intolerance, this company focuses on schoolchildren and I believed their alliance with the Chinese government would prove to be profitable for the company (well, at least profitable for me).
I took the proceeds from the sale and re-invested in Toyota. This is my second purchase of TM, averaging down my price per share to $120.48. I’m now looking to sell at $162.80. Long term, TM will get there. They’re leading the auto-industry, IMO, and with rising gas prices and Toyota setting the bar for fuel-efficient vehicles, I believe TM is a good buy.
A few other stocks are on the verge of being sold, including WLT, OXPS, TIVO. Even my emotional pick, Tim Horton’s, is up nearly 20%. Go-go Timmy Ho!
This entry was posted on Thursday, October 11th, 2007 at 10:03 am 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.
