Thursday, December 26, 2019

RAD trade 12/26/2019

      This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start. 

     The market is doing its usual December climb and I could not find a dividend stock that I was comfortable buying at the current prices.

      RAD (Rite Aid Drug Stores) have been up every day since their "earning announcement" on 12/19/2019.

     $36.70 sold 2 RAD @ $18.35
    -$35.80 buy 2 RAD @ $17.90
     $ 0.90 profit (2.5% ROI)

     A nice little "day-trade" profit. It flirted $17.70 or so to just above $18 a few times before heading up again and taking me out at my "limit-day" order of $18.35.

     With no dividend to fall back on, it was purely a rise on "earnings" play.

Disclaimer, I am not a professional.

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