The Proficient Investor

I sold my paltry 8 shares in Apple today at $191 netting a gain of $28. I decided I would sell into this strength and free up the cash to invest elsewhere. Of course I could hold it long, hoping it would get to $200 but even though I think this holiday season is going to be good for Apple, the stock just can’t seem to find stable ground. Sure it’s climbing now but it dropped to $160 shortly after I bought in on my position.

It’s possible the stock will again come down at which point I will examine the trade again.

I tried to buy another 1000 shares of Bluefly (NASDAQ:BFLY) but couldn’t get the order filled on such low volume. I’m expecting the stock to break the $1.00 barrier this month. Last year on the 14th the stock closed at $1.64 but it has yet to show that kind of momentum.

Infospace (NASDAQ:INSP) is performing well after announcing the special $9 dividend and closed today at $18.91 down $.37 cents.

I’m currently up $10 on EMC as well, which I fully expect to go to $22 or $23 by the end of the year.

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