Wednesday, February 17, 2016

Recent sale --- WMT & Shell





The recent run up in oil prices has given a good opportunity to lighten my position.


  • RDS-b:  157.89 shares @ $46.24
  • WMT:  42.09 share @ $66.21

Total proceeds from these transactions is $10,073.81.  My yearly dividends will decrease by $676.16.

I was a little under water in both companies and I can use the short term loss to help lower my options gains.

In a perfect world 31 days from now both will be trading 20% lower. :-)


DEFY MEDIOCRITY

7 comments:

  1. A 20% drop would be fabulous. Mediocre quarterly results might just do the trick. Find a way to get Amazon drone delivery back into the headlines and WMT will probably sell off again.

    I must admit that this weeks rising market gave me an emotional boost...until this afternoon, when I couldn't find a stock ripe for the taking. Damn Iran; they could have waited a bit longer before agreeing to freeze oil output.

    ReplyDelete
    Replies
    1. ADY,

      It looks like WMT is falling pretty hard today. I didn't have many shares, but it looks like I picked a good day to unload. What happens in the coming months is anyone's guess.

      It also looks like another weak dividend raise.

      MDP

      Delete
  2. WMT 20% hard to believe but I will take it, awesome it will be at @54$. I sold put PM today with the same hope to get back in lower in later.

    ReplyDelete
    Replies
    1. Jigar,

      It has been very difficult to find a good entry point for PM recently. The same can be said for most food and beverage companies as well. It looks like WMT may drift back down into the 50s. I sure hope so!

      MDP

      Delete
  3. You sold out of WMT?! *GASP*

    Kidding - you've got to do what you've got to do sometimes and maybe you're right. Maybe the prices will drop and you'll get lucky! If there is a time to do it, it's definitely now. Once the results come back for this quarter, you could see a good drop and find a cheaper way to buy back in.

    -Dividend Monster

    ReplyDelete
    Replies
    1. DM,

      I know, I know. I really hate selling anything right now, but I wanted to use some companies I had short term losses in to offset some short term gains.

      MDP

      Delete
  4. I like these sells. I've been thinking of selling my WMT and BP shares. I think that WMT is in for a longer than usual decline in share price. The company needs to figure out a way to compete with Amazon. As for BP, I am considering selling because it's even for me (no loss) and my exposure to oil is too high. Thanks for sharing.

    ReplyDelete