Purchased 98.2849 Shares of Norfolk Southern

This morning at the market opening, the Railways Pool of the Value Investment Fund purchased 98.2849 shares of Norfolk Southern at $202.49. Altogether, including the transaction fees of $1 per share, the Fund invested $20,00. 

What is interesting is that at the moment the market opened, the price dropped instantaneously to $198.71. However, the trigger point for the buy aspect of Norfolk Southern was reset to 90% of the prior peak of $224.99. Thus, the computer order was automatically purchased at the instant the price hit $202.49.

 

If you have been following along, from the Lessons Learned article I posted a few days ago, I agreed to expand the dispersion factor to increase my returns at the risk of not achieving the buy/sell points. For Norfolk Southern, I expanded the buy point from 8% decrease to a 10% decrease. The sell point for Norfolk Southern is 103% of the prior peak. Thus, the sell order for Norfolk Southern is now set at $231.74. Time is on my side, and if the stock price reaches that point within six months of today, my gain will be $2,678.25. Now, I sit back and wait.

Act on Knowledge.