May 9, 2013
I decided to sell most of my QIHU position. I just don’t like this market action. I also have quite a lot of stock that I’ve held for many years. Almost all of my stocks are dividend payers. I only purchased QIHU because of its earnings potential and breakout from an established chart pattern.
I sold 300 shares at 36.92 and 100 shares at 37.41. Profit was $701.
For subscribers following along, you should stick with the position. Each investor has different rules, and though I’ve decided to sell the stock my purchase is profitable and may likely head higher.
I will keep the trade open in the Open Stock and Bond Position area.
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