Realized gain made 19.75% on Concho Resources in 5 months and unrealized gain as of 9 Sep - 17.8% on CF Industries since June 2011. Our account has progressed from $10,000 in January 2011 to $15,495 (55% increase in value).
9 Sep 2011CF Industries has risen from the $157 purchase price to $185, 17.8% increase. We have sold and closed one call contract on two occasions resulting in additions to cash $180 and $110 when closed out 35.20 was added to cash from dividends. This gives us $325.20 to use for a couple more shares on a dip.
11 Jun 2011
We bought 82 shares of CF Industries (CF) at $153 a share. We made $2,626 on Concho Resources (CXO). We put the entire $12,626 from selling CXO into CF Industries.
Concho Resources Inc (CXO) Oil & Gas
7 May 2011
At the last HSOG meeting we decided that Concho Resources (CXO) had hit hard resistance for awhile and I sold it the Monday after the meeting for $107 a share so the entire position has been in cash. This gave us 19.75% gain in five months. Our account was in cash at $12,626
14 Jan 2011
On Monday, 10 JAN we invested $10,000 in CXO at 87.25 which came out to 114.6 shares. We placed a stop loss at 80.27 right after the trade. The stock closed on 14 Jan at $94.11.
