Today GTE hit 7.60 and my order that was in to sell was hit. So purchased just over a month ago and sold today. The simple return on this transaction is 5.89% annualized it’s just over 75%. I love it when a plan comes together 🙂
Time to take a look to see if I should be in for another roll.
After looking over the chart and checking my screener I placed another order to buy at $6.89. GTE hit this three times in May and I believe that it could roll down again. I still like the frequency that it has hit 7.60 vs the possibly higher exit price of 7.75 so the sell price will be in at 7.60 if I get filled.
This is my account, I’m posting for entertainment and educational purposes only. There are no stock tips or recommendations here. Do your own thing.