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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="LibertyTurns" data-source="post: 714087" data-attributes="member: 789"><p>[USER=617]@IEEEWreck[/USER] [USER=2468]@BuzzStone[/USER] I traded in and out of JNJ for years like that. It was in a trading range and I waited until it was at the bottom of the range and would pick up 500 shares and dump it when it got near the top of the trading range. Picked up $3-4 per transaction every couple months it seemed. Made damn near $15k one year so I kept 200 shares. Next year I added another 100 in shear profits. Over a decade I amassed 1000 shares that way. It was trading at around $130/share when I dumped it. That stock also pumped out $.90/share in dividends so $900 in cash hit my account every quarter.</p><p></p><p>Got back in at $115 and wish I’d gone all in because it’s about $150 now. Oh well.</p></blockquote><p></p>
[QUOTE="LibertyTurns, post: 714087, member: 789"] [USER=617]@IEEEWreck[/USER] [USER=2468]@BuzzStone[/USER] I traded in and out of JNJ for years like that. It was in a trading range and I waited until it was at the bottom of the range and would pick up 500 shares and dump it when it got near the top of the trading range. Picked up $3-4 per transaction every couple months it seemed. Made damn near $15k one year so I kept 200 shares. Next year I added another 100 in shear profits. Over a decade I amassed 1000 shares that way. It was trading at around $130/share when I dumped it. That stock also pumped out $.90/share in dividends so $900 in cash hit my account every quarter. Got back in at $115 and wish I’d gone all in because it’s about $150 now. Oh well. [/QUOTE]
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