Hello and welcome back to CRI's OnlyDoubles Profit Spotlight.
Here you will find past OnlyDoubles trades that have been recently closed. This blog's purpose is to update the public on recently completed OnlyDoubles trades as a demonstration of the model and a teaser to get you to subscribe. If you would like to learn more or subscribe (for real time access to new OnlyDoubles trade ideas) please visit our Subscription page.
The first week of September, 2010 has brought a friendly Canadian stock market and another OnlyDoubles trade to take profits on. This trade was originally put on last November, 2009 for a total hold period of just over 10 months (not bad....try getting that kind of return at the bank!). So here is the trade in which we took partial profits on this week. Considering the current price is even higher than our double target, any remaining stock can be sold at an even higher rate of return....but the rest is up to you.
For the time being I'm more than happy to sit on my remaining position with the goal of selling half of that at yet another double. With this in mind, I have open orders working to sell at or near $.65.
...speaking of trades....do you know which market CRI's OnlyDoubles is trying to take a position in right now? Seems to me it's worth $100/year subscription to find out....
That's all for this issue of CRI's OnlyDoubles,
Brian Beamish FCSI