I sold the Lennar Corp. (LEN) today at $64.56 for a 10% gain (inclusive of commissions) since I bought it on May 26. It proceeded to close at $65.19, up $1.49 for the day, which shows my timing was a bit off. However, I now have only one chunk of my IRA in homebuilders, and I did make a nice profit, so I'm happy.
After farting around under $100 for the last couple of days, my shares of Toll Brothers (TOL) surged $3.29 to close at $102.48. This stock splits tomorrow.
Neenah Paper (NP), which I sold last week, closed down 19 cents at $31.09 today, a bit below where I sold it. Yeah, I'm still watching that one; I'm curious as to whether I called it right.
My New York & Co. (NWY) and Blackboard (BBBB) were down slightly, the NWY about three quarters of a percent and the BBBB about a quarter of a percent. But because of TOL's resurgence, my total portfolio closed at $6637.23. (Yeah, that's up more than a grand from yesterday -- I made another contribution. The actual stock-related appreciation on the day is something like $30.)
So with the proceeds of my Lennar and NP sales, as well as the new money that hit the account today, I have three chunks available to invest. One of them will be going into the iShares Emerging Markets ETF (EEM) fairly long-term. Another chunk is likely to go into Paxar (PXR), which is a Hidden Gems pick I mentioned last week. The last chunk I'm thinking of putting into a tech ETF or perhaps Sears Holdings (SHLD) for a few months until I need the money for another Hidden Gem. A small amount (i.e. the proceeds from my NP and LEN sales) will remain in cash, hopefully to be joined from other cash from future sales to become a new chunk.
Posted by kindall at July 7, 2005 01:39 PM