Thursday, December 4, 2008

ALK - Sold

I sold ALK at $25.48. It is a bit complicated as I bought the stock on two different occasions at two different purchase prices, but the average price was $24.87 for a gain per share of $0.61 and a return on investment of 1.6%. Not a great return, but considering I was really upside down in this stock a few days ago, I'll take the small win just because its not a loss on this stock!

Additionally, ALK went up strongly for the past 3 days and today's volume is not as strong as yesterday's...I could be wrong but I feel the buying power is running out and it might head back down for a few days. I'd rather have my capital than wait out another pullback. No thank you.

RECAP:

B ALK @ $24.87
S ALK @ $25.48