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Just What the Doctor Ordered

By Market Shadows
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We Sold  Express Scripts (ESRX) as it Made a New High

By Paul Price of Market Shadows

Market Shadows sold its stake in pharmacy benefits manager Express Scripts (ESRX) for $70.54 per share this morning. We had purchased two lots of these shares late last year.

We owned 48 shares @ $62.24 bought on Oct. 26, 2012 then added an additional 37 shares on Nov. 7, 2012 @ $54.29 after ESRX pulled back. Our combined cost was $4996.25. We sold today for a total of $5995.90. Averaging down paid off for us on this trade.

 ESRX quote

ESRX made a new 52-week high today. We sold into strength. The $999.65 profit was a decent 20% gain but less than we were originally looking for. We’ll park the proceeds in our cash reserves for the moment.

Our Virtual Value Portfolio value is on track to close at another new all-time peak if the market stays strong through 4 PM.  You can see details of all closed-out and current positions by clicking here.

 

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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