Sold Magna

SOLD

Reasons why I sold Magna.

Original purchase price was 20 shares at a price of $52.12

Sold 20 shares at a price of $57.20.

Locked in a profit of $102 or 9.79%

SUP

6 thoughts on “SOLD”

    1. Thanks for the positivity BHL

      It’s a small profit on a small holding but like Warren Buffett says, rule #1 Never lose money.

      I’d rather lock in a sure profit than take a gamble.

      Ben Graham says to sell if there is a regulation change or a lawsuit based on uncertainty.

      I tend to agree 🙂

    1. It’s a tough call to be honest.

      It’s a very small position and I might re enter at a later date when things settle down a bit.

      Great site btw Jay, you have some great info.

    1. Don’t get me wrong IH, I still think MG is the BEST car parts company in the world.

      I honestly hope Trump relaxes his import stances. If he does I will jump right back into MG even deeper. I was planning on raising my stake in MG before all that talk 🙁

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