December capped a very interesting 2011. Like the rest of 2011, I took profits in December and collected dividends. I also found myself with considerable unrealized losses for most of my holdings, although I'm well off the lows.
December did hold one surprise that I didn't recognize until the month was over. This was the first month since I've been trading when I did not make a single purchase. This, along with sales lowered my percent invested to less than 85% for the first time since July. This leaves me better prepared to take advantage of buying opportunities that might arise. But I'd be happy with a bit of a rally that would allow me to become considerably more liquid.
Sales this month:
December did hold one surprise that I didn't recognize until the month was over. This was the first month since I've been trading when I did not make a single purchase. This, along with sales lowered my percent invested to less than 85% for the first time since July. This leaves me better prepared to take advantage of buying opportunities that might arise. But I'd be happy with a bit of a rally that would allow me to become considerably more liquid.
Sales this month:
- Entergy Corp - 7% gain. After holding some shares for over a year, I finally was able to close out this position with the desired gain.
- Harte-Hanks, Inc - 7% gain. I was able to close out about 20% of these holdings before the stock dropped again. This has reinforced the lesson I had previously learned about small cap stocks. These are challenging to unload at the desired prices and should be avoided if possible.
Current holdings and unrealized gains/losses are as follows.
The following dividends were collected.
- Entergy Corporation
- Harte-Hanks, Inc.
- Exelon Corporation
- Life Partners Holding, Inc
- Harris, Corporation
- iShares S&P 500 Index Fund
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