Sold 25% of Ultra Semiconductor

This morning, I sent a note to members of my free email list saying that I had placed an order to sell one quarter of my original position in Ultra Semiconductor at market close. (To get on the email list, just enter your email address in the field at the top of this page.) The order filled at $21.29, a gain of 17.7%. I sold the first half of the position on June 16 for $19.66. I still have one quarter of the position remaining.

Oil is finally hitting those summer new highs I’ve been writing about since January, and inflation has re-entered the collective worry sphere. The summer slump I’ve been waiting for appears to be upon us at last. I’m happy to be taking profits and setting my sights on cheaper prices among stocks I want to own. I expect to be buying sometime in the next month.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • The Kelly Letter
    A Complete Investment Management System
    The Kelly Letter  every Sunday morning by email.
    Like no other. Many subscribers say this is the best read of their week, astonishing in its ability to distill seven days of noise into one succinct overview of the very few items that might matter. Start your Sundays right!
    A one-page Quick Start Guide
    with page number references to full information in The 3% Signal. You'll receive access to this right away so you can begin transforming your portfolio into a performance machine immediately.
    The 3Sig Calculator.
    A thing of beauty! You'll use it to generate your own personal signals every quarter including exact share amounts to buy and sell based on your account balances. It emails you the results to make later quarters easy by keeping last quarter's numbers at your fingertips. Some subscribers say this tool alone justifies their subscription price.
    The subscriber-only section of this website
    where likeminded investors are commenting on notes and discussing in forums. Jason joins these interactions every day. They're a treasure trove of investing tips and wisdom.
    The archive of Kelly Letter notes.
    It’s a research center, searchable and smartly tagged to make gathering time-stamped material on covered subjects easy.
    The subscriber podcast.
    Jason reads every letter word-for-word. This feature was requested by subscribers who prefer audio learning. They listen on their Monday morning commute, during a workout, or while reading along at their computer.

    Save 17%

    Pay as you go
    Or sign up to receive free email and learn more about the system.
Bestselling Financial Author