Vols&Shaft83 Tennessee Fan Throbbing Member Member since Dec 2012 39945 posts
Buy, Sell, or Hold HPQ & SprintPosted by Vols&Shaft83 on 1/17/13 at 1:48 pm
Bought 200 shares of HPQ in November 2012 at around $12, and bought 600 shares Sprint in May 2012 at $2.34. I rarely play with single stocks, as in I buy positions only 3-4 times per year. I thought these prices were too good to pass up, so I made a small gamble, and it's paid off quickly.
Neither company looks to be going to collapse anytime soon, MT's thoughts???
Depending on how much capital you tied up, I would look at trying to get the principal or a percentage the percentage where you would have sold if it started losing out. And then, treat the remaining shares as house money.
That was my thinking as well, true story, lol. Could easily do that with sprint, and that's what I was thinking. Sell 300 @ $5.60, still have my original investment + about 23% gain, and pocket my original investment + 20% gain after fees.
HPQ hasn't made quite enough for me to do that, yet. But with it's dividend yield, it may only be a couple months away.