Sell earn and cry strategy: I sold 30 RIO Companhia Vale do Rio Doce shares February 15, 2007
Posted by deminvest in growth stock, investment, my free stock, RIO Companhia Vale do Rio Doce, stock I own, stock ratios, stocks.1 comment so far
RIO Companhia Vale do Rio Doce is a South American metal mining company whose stock, for some reason, went up 40% from my buy price.
I have a strategy that makes me sell enough stock to get my capital back when a stock reaches 40% gain. That is why I sold 30 RIO shares at 36,32 USD each, cashing USD 1089,6. I had bought 42 RIO on February 6 2006 for 1039, so I got back my money plus trading expenses and I still have 12 RIO for FREE.
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