No, this is not a re-post of yesterday’s transactions. I actually added two additional purchases today, giving me a total of four transactions for the week. At this point in time, I must admit, yes, I do have a problem. I’ve become a stockaholic!
As many readers may know, Kinder Morgan (KMI) dipped 2.54% after hours last night due to secondary offerings from Goldman Sachs hitting the market. This morning, the stock opened at $34.15, and quickly shot up. I was monitoring at market open, so I was prepared to act. I noticed an uptrend taking place, so I quickly put in an order for additional shares. I ended up purchasing 50 shares of KMI for $34.29/share. This is in addition to the 43 shares I purchased yesterday. I now have a total of 93 shares. At this point in time, I think it is finally safe to say that I am DONE shopping for KMI… until next month at the earliest 😉
Though I wasn’t finished with just this single purchase. Last month, I initiated a position with Intel (INTC), and have been thinking about adding to it in the event the stock tumbled further. INTC is currently sitting at 4.19% yield which makes it very hard to resist. Further, its share price is at a 52 week low. I found myself constantly refreshing the screen until I finally just gave in, said “screw it”, and added an additional 62 shares of INTC at $21.47/share. I now own 125 shares, and can finally say that the urge to purchase more INTC is finally fading away.
And just like that, I have now made five new purchases in October… and we aren’t even half way through the month! Factor in the six transactions from September, and this is now eleven purchases in less than two months. This should go a long ways towards helping increase the dividend payouts each month, though I should point out that it was never my intention to go on such a shopping frenzy.
As you are probably well aware, it doesn’t take very long to run out of funds when buying stocks 😉 So, I had to get a bit resourceful and sell some ESPP stocks (which were just recently granted). However, should the market continue dropping further, then I’ll really have to get creative to find a way to make any more purchases this month. Otherwise, I should really just stop. Addictions are bad, so let’s hope this last splurge will tide me over until November. But for everyone else still shopping for bargains, good luck and happy hunting!