NEM – Newmont Mining (Last:53.60)

We hold 400 shares with a costs basis of 50.40 and a 50.27 stop-loss. Today only, offer a round lot to close for 52.14, retaining the stop-loss for the 300 shares that would remain.  _______ UPDATE (11:08 a.m. EDT):  After exiting a round lot at 52.14 , we now hold 300 shares with a profit-adjusted cost basis of 49.82.  That implies a $900 paper profit at today’s so far high.  Since the purpose of these occasional “easy-as-pie” trades offered by Rick’s Picks is to allow even relative novices to recoup the cost of a year’s subscription, we are most surely ahead of the game.  For now, tie the position to a 50.75 stop-loss.  Once this pup gets above March 9’s 53.21 peak, we can let it ride.  _______ FURTHER UPDATE (10:39 a.m. EDT):  In the chat room just now, I have advised taking another partial profit, selling 100 more shares at a then-current price of around 54.64.  The theoretical gain of $482 will effectively reduce the cost basis of the 200 shares (or multiple thereof) we still hold to 47.41. ________ FURTHER UPDATE (March 30, 9:41 a.m. EDT):  In the chat room just now, with Newmont flailing wildy after a sleazy head-fake on the opening, I have recommended exiting another round lot at a current price of around 53.73.  Officially, I’ll record 53.60 as the sale price, though, since the stock is still acting crazy.  This leaves us with a hundred shares whose effective cost basis is 41.22